Illinois Dept. of Corrections & DCF Office FOR SALE


Peoria, IL - Downtown Peoria
$6,225,000 USD
312-848-9100
, Peoria, IL for Sale
$6,225,000 USD
Office - FOR SALE
1/2
null | 9% Cap Rate

Illinois Dept. of Corrections & DCF
Peoria, IL
Downtown Peoria


HIGHLIGHTS

  • Fully leased to the Illinois Department of Corrections and DCFS under a gross lease structure.
  • State agency guarantor ensures strong credit and solid investor security.
  • Lease term in place through November 2030 provides steady income for nearly four more years.
  • Central Peoria location with accessibility to major road networks and surrounding business infrastructure.
  • 62,697 SF of rentable area on a 1.03-acre site supports institutional occupancy requirements.
  • Attractive 9.00% cap rate with current NOI of $560,189 for strong yield potential.

OVERVIEW

607 Main Street - Mission-critical Illinois Department of Corrections reentry facility providing residential housing, work-release opportunities, and transitional services. - One of only four Adult Transition Centers in Illinois and the second-largest facility statewide with 249 beds. - Operating at approximately 97% occupancy, housing more residents than any other Illinois ATC. - Only Adult Transition Center outside Northern Illinois, serving as the primary reentry hub for Central and Downstate Illinois. - 54-year operating history at the subject property, demonstrating long-term operational stability. - Part of a 62,697 SF government-leased portfolio offering investors durable cash flow backed by the State of Illinois with 100% occupancy. 2001 NE Jefferson - Mission-critical Illinois Department of Children and Family Services (DCFS) regional office serving Central Illinois. - Fully occupied by DCFS, supporting child protective investigations, foster care and adoption services, family support programs, and case management. - Critical public service facility coordinating with law enforcement, healthcare providers, schools, and the judicial system to protect children and strengthen families. - Strategically located in the Peoria market, providing convenient access to major transportation corridors, government offices, healthcare systems, and community resources. - Long-term operational presence supporting essential child welfare services that are difficult to relocate or replace. - Part of a 62,697 SF government-leased portfolio offering investors durable cash flow backed by the State of Illinois with 100% occupancy.

ASK ABOUT THIS PROPERTY

Frank RotiMarcus & MillichapMore Info
312-848-9100

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Frank RotiMarcus & MillichapMore Info
312-848-9100

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