The Lofts At Waterfront Place
Premium Investment Opportunity
Marketing description
We are pleased to present the opportunity to acquire a premier residential portfolio within the Waterfront Place building. This offering includes the entirety of the 3rd and
4th floors (23 luxury loft apartments), a usable 3rd-story rooftop deck, and building air rights. Situated in a renovated 1900 brick-and-timber warehouse, this asset perfectly blends historic
industrial charm with modern amenities. Located in the vibrant Peoria Warehouse District and boardering the Central Business District, the property sits adjacent to the OSF IT Headquarters
, the Peoria Riverfront Museum, and the Caterpillar Visitor’s Center, ensuring a consistent demand from high-quality tenants. The property is zoned B1 and located in the River Edge
Redevelopment District. Full financials available with NDA
Investment highlights
Asset Composition: 23 Total Units (11 on the 3rd Floor, 12 on the 4th Floor).
Flexibility & Exit Strategy: Uniquely, each floor has an individual tax parcel, offering the new owner the flexibility to hold as a multifamily rental portfolio, sell individual units as condominiums in the future or convert into other permitted uses within the B1 zoning district.
Incentive Zone: The property is Zoned B1 and located within the River Edge Redevelopment Zone.
Downtown Commercial (B1):
The B1 District is intended only for the Central Business District. It provides for those uses customarily expectedtobelocatedinanurbandowntownenvironmentsuchas retail,residential, governmental, office, cultural, hotel, entertainment, and ancillary uses.
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