400 NE Perry Ave - Sports and Entertainment FOR SALE


Peoria, IL 61603- Downtown Peoria
$3,900,000 USD
309-360-6686
400 NE Perry Ave, Peoria, IL for Sale
$3,900,000 USD
Sports and Entertainment - FOR SALE
1/20
null | Request Cap Rate

400 NE Perry Ave
Peoria, IL 61603
Downtown Peoria


HIGHLIGHTS

  • State Of The Art Grand Theatre with total capacity for 905 people.
  • Banquet Hall with commercial kitchen and hand-crafted bar with capacity for 400 people.
  • Four Levels of Lounges, Meeting Rooms, Offices and Reception Areas with built-in bars and beautiful stained glass.
  • Ideal for live performances, private events, entertainment, or destination venue use.

OVERVIEW

A majestic architectural masterpiece originally constructed in 1925, the historic Scottish Rite Theatre has been completely and meticulously restored to perfection. This fully furnished, move-in-ready property seamlessly blends timeless craftsmanship with modern innovation, featuring state-of-the-art sound and lighting systems, all-new mechanicals, and upgraded infrastructure throughout. The recent comprehensive renovation preserved the character and lost arts of the original design while delivering modern functionality, including new HVAC systems, full ADA accessibility, and a stunning restoration of the iconic stained-glass windows. The offering includes an extensive inventory of furnishings, fixtures, and equipment, such as event tables, chairs, linens, and décor—allowing new ownership to open the doors immediately with everything in place. Ideally located on Perry Avenue within the Northside Historic District and the East Village TIF District, the property benefits from a highly accessible setting just off Interstate 74, with proximity to downtown amenities and ample surrounding parking. This exceptional asset presents a rare opportunity to acquire a fully restored, turnkey historic theatre suitable for live performances, events, and destination entertainment.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

The Scottish Rite Theatre

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

117

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

R-8

APN/PARCEL ID

18-04-476-013

ASK ABOUT THIS PROPERTY

Julie BielfeldtKeller Williams Premier RealtyMore Info
309-360-6686

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Julie BielfeldtKeller Williams Premier RealtyMore Info
309-360-6686

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