2 Locations

Marcus & Millichap is pleased to present this portfolio offering consisting of two government office buildings located at 2001 NE Jefferson Avenue and 607 N. Main Street in Peoria, Illinois.

The portfolio consists of a 22,000 square foot office building constructed in 1950 at 2001 NE Jefferson Avenue, situated on 0.46 acres, and a 40,697 square foot office building constructed in 1972 at 607 N. Main Street, situated on 0.57 acres of land.

Both properties are 100% occupied by state agencies under gross lease structures with 2% annual rent escalations. The tenants are backed by the State of Illinois with a Fitch credit rating of "A-". The 2001 NE Jefferson Avenue property has approximately 4.5 years of lease remaining, while 607 N. Main Street has 3 years remaining.

The properties are strategically located along key arterial corridors in Peoria with direct connectivity to major transportation routes including Interstate 74. Jefferson Avenue borders the Fulton Plaza and Warehouse Districts which have seen ongoing revitalization, while Main Street provides access to major institutions including Bradley University, OSF HealthCare, and UnityPoint Health.