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Property profile & analytics

701 Main St Peoria, IL 61602

  • Commercial real estate
  • 0.28 lot acres
Value Estimation
$355,000
Location Intelligence
Property ID
US28-1346710
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Jackson Donald R / Attorney
  • Marquette Apartments / Apartment Building
  • Gelia Marcom & Martech / Marketing Agency
  • Pristine Custom Wood Furniture / Furniture Maker
  • Pinnacle Security Services LLC / Security Guard Service / Security Service

Property Details for 701 Main St

Lot size
0.28 lot acres
Property type
Commercial real estate
APN
18-09-201-001
APU
1809201001

Description

701 Main Street offers unique creative office spaces in a beautifully preserved historic building. This Peoria County property, originally designed in 1924 by Hewitt & Emerson Architects (also responsible for the 416 Main St. Building and the Pere Marquette Hotel), boasts multiple tenancy options ranging from 714 square feet to 2,570 square feet. Four individual spaces are currently available, providing flexibility for businesses of various sizes. The building's character is enhanced by its convenient location in downtown Peoria, offering easy access to local amenities and businesses. Ample parking is available in the rear lot, supplemented by on-street metered parking. This is a rare opportunity to secure office space in a landmark building with a rich history and practical modern conveniences. The building's architectural details and prime location combine to create a prestigious and inspiring work environment. The available spaces are ideal for businesses seeking a unique and character-filled office setting in the heart of Peoria. Contact the property owner for more information and to schedule a viewing. This is a multiple-tenancy building, with several spaces available for lease. The building's history and architectural significance make it a desirable location for businesses seeking a distinctive address.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $380,000
  • CAP approach

    CAP return
    Estimation
    6%
    $285,000
    6.5%
    $255,000
    7%
    $250,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $270,000
    Geo Method
    $230,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $250,000
    Retail
    $255,000
    Mixed-Use
    $300,000
    Hospitality
    $245,000
    Educational
    $250,000
    Residential Income
    $230,000
    Energy
    $240,000
    Income-Based Land
    $230,000
    Food Service
    $290,000

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.5942
Latitude
40.6957
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$70,730
$47,930
$703,820
$751,750
-
$143,790
$2,111,460
$2,255,250
More about this property
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