773-251-7342
214 Pecan St, Peoria, IL for Sale
Apartments - FOR SALE
1/18
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214 Pecan St
Peoria, IL 61602
Downtown Peoria


HIGHLIGHTS

  • New 3-year Commercial Lease - Executed 2025 with the largest hospital in Peoria
  • TIF extended through 2034
  • All individual water heaters have been replaced
  • Open Floor plans with high-end finishes
  • Washer and dryer in each unit
  • Stainless GE appliances throughout

OVERVIEW

SVN is proud to present Cooperage?214, a meticulously restored 27,000?sf former whiskey-barrel cooperage now delivering 18 luxury loft-style apartments and prime commercial space, fully leased in 2025 to the region’s largest hospital tenant. Originally serving Hiram Walker distilleries in Peoria’s famed “Distillery Row” (also known as “Whiskey City”), this three-story landmark was reimagined in 2017 into sleek, light-filled residences while preserving original Quaker windows, hardwood floors, exposed wood columns, masonry walls, and brick ceilings. Artful design elements include reclaimed barrel staves, elevator wood, and a custom cooperage logo to celebrate the building’s heritage. As the area transitions from its past manufacturing focus to forward thinking innovation technologies, many companies are relocating here providing the area with over $1billion in new construction. This revitalization has attracted people of all kinds focused on living the “big-city life” while having access to “small-town amenities”. Cooperage 214 was awarded the 2017 Preservation Winner for Adaptive Use by Landmark Illinois. It’s not difficult to see why this honor was bestowed upon such a unique space. Celebrating its rich history, the talented renovation team restored the original Quaker windows, wood columns, hardwood floors, and brick walls throughout the space. Further attention to detail was paid to reimaging building elements as art and décor. This included reclaimed elevator wood & mechanics; reclaimed whiskey barrels & barrel staves as well as a commissioned, custom cooperage logo paying homage to the building. Cooperage?214 represents an exceptional investment that beautifully marries historic substance with contemporary design—in a location primed for continued growth. With stable tenancy, award-winning architecture, and momentum-driving impact within Peoria’s revitalizing urban core, this asset delivers both strong financial performance and community relevance.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

18

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cooperage 214 - 18 Apts. + 1 - Commercial

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

WH

APN/PARCEL ID

18-09-355-003

ASK ABOUT THIS PROPERTY

Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

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Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.