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    456 Fulton St Peoria, IL 61602

    Sponsored
    For Lease
    $6 SF/Yr

    Peoria, IL Office Suites Available

    Lot size:
    39,588 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Peoria, Illinois property, Twin Towers Mall, offers 26 suites across 39,588 square feet of combined office, retail, and restaurant space. Built in 1984, this single building complex is located at 456 Fulton St, Peoria, IL 61602, in Peoria County. The property boasts a prime downtown location, situated across from Peoria City Hall, the Peoria Civic Center, and the Hotel Pere Marquette. Five office spaces are currently available, ranging from 388 to 4,854 square feet, making it suitable for businesses of various sizes. The main floor plaza features a diverse range of amenities, including a food court with casual and fine dining options, a copy shop, computer repair services, a barber shop, and a coffee lounge, along with other retail shops. One former restaurant space is available, retaining some equipment such as a 14-foot hood with an Ansul system, wash sinks, and a commercial dishwasher. Under new ownership, Twin Towers Mall is undergoing revitalization to become a vibrant, multi-use downtown hub. Attractive rental rates are offered with a full-service gross lease, encompassing all utilities for each unit. This presents a unique opportunity to establish a presence in a thriving downtown Peoria location.

    Property Features for 456 Fulton St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,588 SF
    Total Rate
    20387.82

    Building Details

    Year Built
    1984
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 108
    Size
    2,056 SF
    Rate per SF
    $11
    Space
    Suite 186
    Size
    4,854 SF
    Rate per SF
    $6
    Space
    Suite 148
    Size
    901 SF
    Rate per SF
    $12
    Space
    Suite 170
    Size
    388 SF
    Rate per SF
    $20
    Space
    Suite 168
    Size
    600 SF
    Rate per SF
    $14

    HighLights

    • Twin Towers Mall, a 39,588 SF single‑building complex in Peoria, IL, offers 26 suites of office, retail, and restaurant space.
    • Located at 456 Fulton St, Peoria, IL 61602, the property enjoys a prime downtown location near City Hall, the Civic Center, and Hotel Pere Marquette.
    • Five office suites (388‑4,854 SF) are available for lease.
    • The main floor features a food court, retail shops, and amenities including a copy shop, computer repair, barber shop, and coffee lounge.
    • One former restaurant space is available with existing equipment (14‑foot hood, Ansul system, sinks, dishwasher).
    • Under new ownership, the property is undergoing revitalization and offers attractive, full‑service gross lease rates.
    Property Profile Location Intelligence

    Current Use by Public Records

    55 Gallon Drums ... Barrel Supplier LeFante Law Offices, ... Personal Injury Attorney FDC Solutions Consultant Infrastructure Engineering Inc. Engineering Consultant Hanauer Law Office, ... Criminal Justice Attorney

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Skin Care Clinic Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.592387019199
    Latitude
    40.692494816886

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    FAQs

    What type of property is this?
    Restaurant - Peoria, IL Office Suites Available
    Where is this restaurant located?
    The property is located at 456 Fulton St Peoria, IL.
    What is the lease rate?
    The lease rate is $6-$20 SF/Yr.
    What are key features of this property?
    This property features: Twin Towers Mall, a 39,588 SF single-building complex in Peoria, IL, offers 26 suites of office, retail, and restaurant space.; Located at 456 Fulton St, Peoria, IL 61602, the property enjoys a prime downtown location near City Hall, the Civic Center, and Hotel Pere Marquette.; Five office suites (388-4,854 SF) are available for lease.
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    456 Fulton St Peoria, IL 61602
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    Peoria, IL 61602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    456 Fulton St Peoria, IL 61602
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