128 Monroe St Peoria, IL 61602

Property Details for 128 Monroe St

Property type

Commercial real estate

APN

18-09-206-016

APU

1809206016

Description

This exceptional 13,750-square-foot commercial property at 128 SW Monroe Street in Peoria, Illinois, offers unparalleled opportunities for retail, office, or restaurant businesses. Located in the heart of downtown Peoria, this single-story building boasts a highly desirable location directly across from the Peoria Civic Center and its ample parking, and adjacent to the Peoria Marriott Pere Marquette hotel and its parking deck. The property sits on a 0.9-acre lot and is zoned B-1, allowing for a variety of uses. The entire 13,750 square feet is currently vacant and available, offering flexibility for tenants seeking spaces ranging from a minimum of 2,500 square feet to a maximum contiguous space of 9,600 square feet. Other divisible space options include 4,500 and 5,100 square feet. The building features impressive 15-foot ceilings and infrastructure prepared for sprinkler systems. This property benefits from its strategic location within a Federal Opportunity Zone (Census Tract 12) and the Rivers Edge Redevelopment Zone, presenting significant investment advantages. The area is experiencing revitalization, with a growing demand for family-friendly dining and diverse retail options. The property's proximity to major attractions and its adaptable space make it an ideal location for professional offices, such as financial advisory firms, law offices, or medical clinics. The property's APN is 18-09-206-016, and it's located in Peoria County, Illinois, zip code 61602.

Location Insight

City

Peoria

County

Peoria

State

Illinois

Longitude

-89.5932

Latitude

40.694

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments