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Peoria Riverfront Office Space
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401 Southwest Water Street, Peoria, IL 61602

Office space in a vibrant riverfront community with unique amenities.

Space Size1,335 SF - 4,235 SF
Property Size190,400 SF
Days on Market1462

Property Features for 401 Southwest Water Street

General Information

Standard status Active
Size 1,335 SF - 4,235 SF
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 190,400 SF
Tenancy Multiple

Spaces For Lease

at 401 Southwest Water Street Contact us

4th Floor Suite 403

Size
3,086 SF
Availability
Active
Contact us

Suite 205

Size
1,800 SF
Availability
Active
Contact us

Suite 209

Size
4,235 SF
Availability
Active
Contact us

Suite 405

Size
2,200 SF
Availability
Active
Contact us

Suite 409

Size
2,253 SF
Availability
Active
Contact us

Suite 505

Size
1,335 SF
Availability
Active
Contact us

Suite 509

Size
2,000 SF
Availability
Active
Contact us
Listing Agency: Huber commercial Inc.
Listed By: Erikka Claerhout · License #IL
Source: Crexi
Added: Sep 9, 2022 Changed: Sep 8 Last Checked: Sep 9 at 6:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Huber commercial Inc.

Investment Insights

Based on property information with market context.

Located on the Peoria Riverfront, 401 Water is situated within a self-contained community. The surrounding area features a variety of unique restaurants, art galleries, retail and antique shops, a riverboat, a farmer's market, and parks. The property is positioned in the heart of outdoor riverfront activities and festivities.

Key Highlights

  • Located on the Peoria Riverfront.
  • Self‑contained community.
  • Surrounded by unique restaurants.

Property Analytics

Current Use

Accenture Business Management Consultant Hard Money Lenders ... Loan Service Dr. Mary T. ... Physician Jason Stringer, D.O. Physician FedEx Drop Box Postal Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Florist Acupuncture Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.96 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,195
Businesses Nearby

Demographics for 61602, IL

1,198
Population
813
Households
1.5
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$17,273
Median Household Income
$34,082
Median Earnings
$912
Median Rent
$222,700
Median Home Value

Market

Lease Benchmarks for Peoria, IL

$10.32 /SF/Yr
Avg Asking Price
$0.33–$16 /SF/Yr
Price Range
6,768 SF
Avg Space Size

This space is priced 91% above the average of $10.32 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space in a vibrant riverfront community with unique amenities.
Where is this office units located?
The property is located at 401 Southwest Water Street Peoria, IL.
What is the lease rate?
The lease rate is $19.75 SF/Yr.
What are key features of this property?
This property features: Located on the Peoria Riverfront.; Self‑contained community.; Surrounded by unique restaurants.
More about this property
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