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Property profile & analytics

401 Water St Peoria, IL 61602

  • Commercial real estate
  • 0.54 lot acres
Value Estimation
Location Intelligence
Property ID
US28-0163801
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

  • Accenture / Business Management Consultant
  • Hard Money Lenders Peoria IL / Mortgage Lender
  • Dr. Mary T. Pham, MD / Radiologist
  • Jason Stringer, D.O. / Emergency Care Physician
  • FedEx Drop Box / Mailing Service

Property Details for 401 Water St

Lot size
0.54 lot acres
Property type
Commercial real estate
APN
18-09-406-007
APU
1809406007

Description

This exceptional eight-story commercial building, located at 401 Southwest Water Street in Peoria, Illinois, offers a unique opportunity for businesses seeking prime riverfront office space. The property boasts a total of 6,091 square feet, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 620 square feet to a maximum contiguous space of 3,086 square feet. The building's diverse subtypes cater to a variety of business needs, including executive, traditional, and creative office spaces, as well as retail and restaurant possibilities. Conveniently located in Peoria County (zip code 61602), this property benefits from its vibrant riverfront location, surrounded by a self-contained community featuring unique restaurants, art galleries, retail and antique shops, a riverboat, farmer's market, and parks. The building includes elevators for easy access to all eight floors. This is an ideal location for businesses seeking high visibility and a dynamic, amenity-rich environment in the heart of Peoria's outdoor riverfront activities and festivities. The property is perfect for businesses seeking a prominent location within a thriving community. Contact us today to learn more about leasing opportunities.

Value Estimation

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

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.5925
Latitude
40.6872
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
$69,649
$146,160
$594,110
$740,270
-
$438,480
$1,782,330
$2,220,810
More about this property
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