Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    101 Adams St Peoria, IL 61602
    Back to Search
    Property profile & analytics

    101 Adams St, Peoria, IL 61602

    View on Map
    • Office Spaces
    • 31,943 SF
    Off-Market
    Property ID
    US28-0916067
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Raymond James Financial Services / Financial Advisor
    • O'Flaherty Law of Peoria / Law Firm / Child Welfare Organization
    • Prairie State Legal Services, Inc. / Law Firm
    • National Labor Relations Board / Federal Government Office
    • Business Acumen Consulting, LLC / Corporate Office

    Property Details for 101 Adams St

    Property type
    Office Spaces

    Description

    The Central Building, located at 101 SW Adams St, Peoria, IL 61602, offers 31,943 square feet of prime executive office space in a ten-story building. This multi-tenant property boasts a stunning marble-lined lobby with terrazzo floors, two main elevators, and a marble staircase. Individual suites range from 1,408 to 6,127 contiguous square feet, with a minimum divisible space of 3,416 square feet. Currently, the entire 31,943 square feet is vacant, presenting a unique opportunity for a single large tenant or multiple smaller occupants. The building features a prominent marble entrance, decorative cornices, and a blond brick exterior, situated at the intersection of Adams and Main Streets, directly across from the Peoria County Courthouse Square and diagonally from Caterpillar's and OSF Healthcare's headquarters. Many suites offer impressive views of the Peoria Riverfront and Illinois River Valley. Convenient parking is available in an adjacent parking deck with elevator and stair access to each floor, as well as on-street parking. The building's central location offers easy access to numerous restaurants and pubs. A generous build-out allowance and competitive pricing are available. The property also presents a rare opportunity for office condominium ownership, with many floors available for purchase. A space planner, designer, and in-house construction management team are available to facilitate a smooth and efficient move-in process.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.59
    Latitude
    40.692

    Comparable in this City

    • Value Estimation by Request
      155,278 SF

      211 Fulton St

      Office Spaces
      211 Fulton St, Peoria, IL 61602
      View Details
    • Value Estimation by Request
      38,624 SF

      113 Adams St

      Schools
      113 Adams St, Peoria, IL 61602
      View Details
    • Value Estimation by Request
      40,752 SF

      1100 Monarch St

      Distribution properties
      1100 Monarch St, Peoria, IL 61602
      View Details
    • Value Estimation by Request

      315-317 Main St

      Multifamily properties
      315-317 Main St, Peoria, IL 61602
      View Details
    • Value Estimation by Request

      100 Walnut St

      INDUSTRIAL (GENERAL)
      100 Walnut St, Peoria, IL 61602-1552
      View Details
    • Value Estimation by Request
      0.00 Acres

      100 Walnut St

      COMMERCIAL (GENERAL)
      100 Walnut St, Peoria, IL 61602-1552
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,972 SF

      Downtown Peoria Multi-Use Commercial Property

      Multi-use commercial property with restaurant in downtown Peoria.
      311-313 Main St, Peoria, IL 61602
      View Details
    • Contact for pricing
      6,626 SF

      Downtown Peoria Office Condominium

      6,626 SF office space with downtown views for sale.
      456 Fulton St, Peoria, IL 61602
      View Details
    • Contact for pricing
      11,096 SF

      Downtown Peoria Office Building

      11,096 SF office building in downtown Peoria for sale.
      207 SW Adams St, Peoria, IL 61602
      View Details
    • $3,788,000
      40,697 SF

      Government Office Building Investment

      Institutionally leased government office with 100% occupancy under a gross lease and scheduled rental increases.
      607 Main St, Peoria, IL 61602
      View Details
    • Contact for pricing
      12,658 SF

      Downtown Commercial Building For Sale

      Two-story commercial building with usable basement in central business district.
      201 NE Adams St, Peoria, IL 61602
      View Details
    • Contact for pricing
      4,678 SF

      Versatile Building in Warehouse District

      4,678 SF building suitable for retail, office, or industrial use.
      1201 SW Adams St, Peoria, IL 61602
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      229,040 SF

      Prime Peoria Office Space Available

      Class A Office Suites, River Views
      419 Main St, Peoria, IL 61602
      View Details
    • $6 SF/Yr
      39,588 SF

      Twin Towers Mall Office Space

      Peoria, IL Office Suites Available
      456 Fulton St, Peoria, IL 61602
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 408 SW Washington St.
      408 SW Washington St, Peoria, IL 61602
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      3,111 SF space with covered and rooftop parking.
      114 NE Madison Ave, Peoria, IL 61602
      View Details
    • Contact for pricing

      Loft Style Space For Lease

      Street-level loft space in warehouse district, suitable for office/fitness.
      428 SW Washington St, Peoria, IL 61602
      View Details
    • Contact for pricing

      Historic Office Building in Downtown

      Premier office spaces in a vibrant downtown location.
      416 Main St, Peoria, IL 61602
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 Adams St
    Peoria, IL 61602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    101 Adams St, Peoria, IL, 61602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!