401 Main St - Office FOR SALE


Peoria, IL 61602- Downtown Peoria
$10,750,000 USD
847-420-4481
401 Main St, Peoria, IL for Sale
$10,750,000 USD
Office - FOR SALE
1/5
null | 9.02% Cap Rate

401 Main St
Peoria, IL 61602
Downtown Peoria


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

9.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Becker Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

16

BUILDING CLASS

A

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

-

APN/PARCEL ID

18-09-209-030

ASK ABOUT THIS PROPERTY

John AbujaMarcus & MillichapMore Info
847-420-4481

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John AbujaMarcus & MillichapMore Info
847-420-4481

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