128 Monroe StPeoria, IL 61602

For Lease
$13/SF/YR

Retail, Office, Restaurant - 2,500-13,750 SF

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • 13,750 SF single-story commercial building in downtown Peoria, IL.
  • Prime location across from the Peoria Civic Center and adjacent to the Peoria Marriott Pere Marquette hotel.
  • 0.9-acre lot, B-1 zoning, allowing for various uses including retail, office, and restaurant.
  • Currently vacant, divisible spaces available from 2,500 SF to 9,600 SF contiguous, with additional options of 4,500 SF and 5,100 SF.
  • Features 15-foot ceilings and infrastructure for sprinkler systems.
  • Located in a Federal Opportunity Zone (Census Tract 12) and the Rivers Edge Redevelopment Zone.

Property Details for 128 Monroe St

Property type
Restaurants, Other retail properties
RSF (Rentable sq. ft)
13,750 SF
Stories
1

Unit(s) available at that property

Space
Available space
Size
13,750 SF
Rate per SF
$13

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.694002
Longitude
-89.5932727
128 Monroe St, Peoria, Illinois

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128 Monroe St
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