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33489046
33489047

401 Main Street, Peoria, IL 61602

JA
IL 471.007675
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$10,750,000
0 days on market
Updated 0 days ago
Opportunity zone

CLASS "A" OFFICE : Becker Building

Details
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 162,412
Net Rentable (SqFt) 162,412
Units 215
Cap Rate 9.00%
NOI $969,627
Occupancy 89%
Tenancy Multi
Lease Type Modified
Price per SqFt $66
Class A
Year Built 1993
Year Renovated 2026
Stories 16
Acreage 1.110
Zoning Commercial
Parking Spaces spaces
Investment Type Stabilized

Office | 9.00% CAP | 162,412 SqFt

Marketing description

Marcus & Millichap is pleased to present 401 Main Street, a Class A, 16-story office building located in the heart of downtown Peoria's central business district. Commonly known as the Becker Building, the Property offers a premier office environment with strong visibility, professional finishes, and panoramic views of the Illinois River, making it one of the most desirable office locations in the Peoria market. The Property consists of approximately 162,412 square feet of rentable building area situated on a 1.11-acre site. Built in 1993, the building features modern construction and multiple suites currently available for lease, providing flexibility for both investors and owner-users. The Property is supported by onsite parking and offers tenants a high-quality office environment with attractive common areas and scenic river views.

THE PROPERTY IS LOCTED IN AN OPPORTUNITY ZONE. Positioned in a highly walkable and amenity-rich downtown location, the Property is surrounded by a vibrant mix of dining, retail, entertainment, and outdoor attractions. Nearby amenities include One World Cafe, the Shoppes at Grand Prairie, and the Peoria Civic Center, as well as the Peoria Riverfront and Illinois River trail system, offering both lifestyle and recreational appeal for tenants and employees. The location also benefits from convenient access to public transportation and major highways, enhancing connectivity throughout the region. With its large-scale Class A positioning, leasing flexibility, and prime downtown location, the Property is well suited to capture demand from professional office users seeking a high-quality workspace in a centralized business environment.

Investment highlights

  • Class A 16-Story Office Building in Downtown Peoria
  • Located in the Heart of Peoria's Central Business District
  • Multiple Suites Available Providing Leasing Flexibility
  • Beautiful Illinois River Views from Upper Floors
  • On-site Parking Supporting Tenant Convenience
  • Surrounded by Dining, Retail, and Entertainment Including Peoria Civic Center
  • Convenient Access to Public Transportation and Major Highways

Listing Contacts

JA
IL 471.007675
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$969,627.00
$80,802.25/mo

Valuation Metrics

0
DSCR
9.02%
Cap Rate
9.02%
ROI

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