Share This Listing

Message

949 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Executive Summary

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. 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 Café, 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.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
229,040 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1993
Price
$10,750,000
Price Per SF
$46.94
Cap Rate
9.02%
NOI
$969,627
Percent Leased
92%
Tenancy
Multiple
Building Height
16 Stories
Typical Floor Size
19,087 SF
Slab To Slab
12’
Building FAR
4.74
Lot Size
1.11 AC
Opportunity Zone
Yes
Parking
250 Spaces (1.09 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Public Administration
  • -
  • $9.99
  • -
  • Jan 0000

The State of Illinois government serves as the administrative body for Illinois residents, established when it became the 21st state in 1818. The government operates through various agencies that deliver essential public services. Key service areas include healthcare programs, transportation infrastructure management, and business support initiatives. Through its departments, Illinois addresses community needs ranging from public safety to economic development and environmental protection.

  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The members of Hasselberg Grebe Snodgrass Urban & Wentworth strive each day to practice law with integrity and provide quality legal work to our clients. Each of the lawyers at their firm concentrates their practice in specific fields of the law. This enables them to provide quality legal services for a multitude of different issues and circumstances. They want to help clients with all of their legal needs.

  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Murphy & Dunn has been among the top divorce, custody and family law firms in the state for the past 36 years. Thei firm has grown from one attorney and three support staff to now handling more than 9,000 cases and counting. They know how to litigate your case when necessary, negotiate favorably if possible, and win your case for you and your children in court. They are skilled trial attorneys, capable mediators and proven problem solvers. Family law is tough. Going through a divorce or custody case can be one of the most stressful situations many will encounter. They understand all too well and are here to help guide you to the other side of it. Additionally, their team approach allows their top attorneys and paralegals to work together as a team to get the result you need. They prepare better outside of court to win your case whenever possible through an out of court settlement. If that does not work, they are the best family law trial attorneys in central Illinois.

  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The U.S. Trustee Program is a component of the United States Department of Justice responsible for overseeing the administration of federal bankruptcy cases and private trustees nationwide. The program was established by the Bankruptcy Reform Act of 1978 and expanded nationwide in 1986. Its mission is to promote the integrity and efficiency of the bankruptcy system for debtors, creditors, and the public. Operating through an Executive Office in Washington, D.C. and regional field offices across the United States, the program supervises private trustees in cases filed under Chapters 7, 11, 12, and 13 of the Bankruptcy Code. The U.S. Trustee Program monitors bankruptcy proceedings, reviews professional fees, enforces compliance with bankruptcy laws, and identifies potential fraud or abuse for referral to U.S. Attorneys. The program functions as a neutral party within the bankruptcy process and does not represent individual debtors or creditors. As a federal government program, it is not privately held and is not publicly traded.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Public Administration - $9.99 - Jan 0000
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
Public Administration - $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 103B3
  • 1,230 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste 108
  • 2,780 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste 110
  • 3,323 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste 1130B
  • 1,513 SF
  • Office
  • Full Build-Out
  • Now
  • 10th Fl-Ste 1
  • 4,300 SF
  • Office
  • Full Build-Out
  • Now
  • 11th Fl-Ste 1110
  • 3,501 SF
  • Office
  • Full Build-Out
  • Now
  • 16th Fl-Ste 1650
  • 1,900 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Build-Out Available
1st Fl-Ste 103B3 1,230 SF Office Full Build-Out Now
1st Fl-Ste 108 2,780 SF Office Full Build-Out Now
1st Fl-Ste 110 3,323 SF Office Full Build-Out Now
1st Fl-Ste 1130B 1,513 SF Office Full Build-Out Now
10th Fl-Ste 1 4,300 SF Office Full Build-Out Now
11th Fl-Ste 1110 3,501 SF Office Full Build-Out Now
16th Fl-Ste 1650 1,900 SF Office Full Build-Out Now

1st Fl-Ste 103B3

Size
1,230 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 108

Size
2,780 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 110

Size
3,323 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 1130B

Size
1,513 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

10th Fl-Ste 1

Size
4,300 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

11th Fl-Ste 1110

Size
3,501 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

16th Fl-Ste 1650

Size
1,900 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

10th Fl-Ste 1

Size 4,300 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
18-09-209-030
Land Assessment
$419,130
Improvements Assessment
$2,380,720
Total Assessment
$2,799,850
  • Listing ID: 40943170

  • Date on Market: 6/16/2026

  • Last Updated:

  • Address: 401 Main St, Peoria, IL 61602

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}