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309 Main St 4,953 SF 100% Leased Retail Building Peoria, IL 61602 $324,900 ($65.60/SF)
Investment Highlights
- Highly Visible Downtown Location
Executive Summary
The 4,953 SF, three-story investment property at 309 Main Street in downtown Peoria, Illinois, features both retail and office spaces with active leases. The main level retail space is leased by CxT Coffee and the second and third floors are currently occupied by The Leiter Group (law firm). The law firm's second-floor office space includes two private offices, a reception area, and a work room; the third floor includes an open atrium, a large work room, three private offices, a kitchen, and a file room. The law firm floors can be vacated for owner occupancy or can continue to be leased. The building is fully sprinklered and is sold as-is, where is with no guarantees. This property is also for sale with the adjacent property, 311 Main Street, which offers a renovation opportunity for the vacant historic theater, retail spaces and a lower-level (below street level) bar (formerly Richards Underground).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,953 SF
Building Class
C
Year Built
1910
Price
$324,900
Price Per SF
$65.60
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.62
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
B-1 - Commercial
Frontage
54’ on Main St
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-09-256-041 | Improvements Assessment | $56,970 |
| Land Assessment | $15,970 | Total Assessment | $72,940 |
Property Taxes
Parcel Number
18-09-256-041
Land Assessment
$15,970
Improvements Assessment
$56,970
Total Assessment
$72,940
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