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Historic Office Building in Downtown
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416 Main St, Peoria, IL 61602

Premier office spaces in a vibrant downtown location.

Space Size282 SF - 5,323 SF
Property Size46,383 SF
Days on Market1443

Property Features for 416 Main St

General Information

Standard status Active
Size 282 SF - 5,323 SF
Property subtype Office
Lease Type NNN

Building Details

Building Size 46,383 SF
Tenancy Multiple

Spaces For Lease

at 416 Main St Contact us

Suite 1007

Size
282 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 1300

Size
1,150 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 323

Size
5,323 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 409

Size
1,853 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 717

Size
2,233 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 920

Size
311 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 700

Size
3,090 SF
Type
Office
Lease Type
NNN
Availability
Active
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Suite 500

Size
4,637 SF
Type
Office
Availability
Active
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Suite 517

Size
526 SF
Type
Office
Availability
Active
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Suite 719

Size
1,823 SF
Type
Office
Availability
Active
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Suite 800

Size
1,750 SF
Type
Office
Availability
Active
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Suite 815

Size
2,059 SF
Type
Office
Availability
Active
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Suite 915

Size
4,046 SF
Type
Office
Availability
Active
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Suite 917

Size
2,277 SF
Type
Office
Availability
Active
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Suite 923

Size
1,316 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Huber commercial Inc.
Listed By: Erikka Claerhout · License #IL
Source: Crexi
Added: Sep 9, 2022 Changed: Aug 17 Last Checked: Aug 20 at 6:09AM

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 at the corner of Main Street and Jefferson, 416 Main is conveniently situated across from the Peoria County Courthouse and one block from Caterpillar offices. The Peoria Civic Center and the Hotel Marriott Pere Marquette are in close proximity, along with the downtown food court and food pushcarts. This historic building anchors the heart of downtown Peoria, which has recently undergone $5.5 million of infrastructure improvements. Many of the suites have been updated and are home to some of Peoria's most prestigious law firms and other leading companies. Formerly known as the First National Bank Building and then the Commerce Building, 416 Main features a marble-lined lobby, with most of the elevator lobbies and corridors also marble-lined. The building's history dates to the 1920s, and it is one of the only remaining terra cotta buildings in the area. Visible for miles to those traveling Interstate 74 through Peoria, 416 Main is ready to custom design an office for your business, providing a premier location enjoyed by quality tenants for over 80 years. On-site management services are available for fast response to tenant needs. The property is suitable for office use.

Key Highlights

  • Premier downtown location at the corner of Main and Jefferson, across from the Peoria County Courthouse and one block from Caterpillar offices.
  • Historic terra cotta building with a marble‑lined lobby and elevator lobbies, visible from Interstate 74.
  • Recent $5.5 million infrastructure improvements.

Property Analytics

Current Use

North Casting Industry ... Factory Walden Investigative Group ... Law Firm Linda S, Groezinger, ... Law Firm Mutual Medical Plans ... Insurance Agency Cassidy Timothy J Law Firm

Suggested Use

Top Pick Real Estate Agency Storage Facility Garden Center Nail Salon Carpet & Flooring Store Auto Parts Store

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
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,586
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

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
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Frequently Asked Questions

What type of property is this?
Office building - Premier office spaces in a vibrant downtown location.
Where is this office building located?
The property is located at 416 Main St Peoria, IL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Premier downtown location at the corner of Main and Jefferson, across from the Peoria County Courthouse and one block from Caterpillar offices.; Historic terra cotta building with a marble‑lined lobby and elevator lobbies, visible from Interstate 74.; Recent $5.5 million infrastructure improvements.
More about this property
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