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Listed by Justin Ball • RE/MAX Traders Unlimited
$ 199,000
Est. payment /mo
Price Dropped by $299K
311 MAIN ST Peoria, IL 61602
14,966 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,966 sqft
Price per Sqft $13
MLS Listing ID PA1265449
Annual Tax Amount $13,892
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Commercial
Source rmlsa
Property Description
311 Main Street in downtown Peoria, Illinois is a truly unique commercial sale with retail, restaurant, theater, office and residential spaces included. This 14,966 SF multi-use complex offers a rare combination of historic character and potential diverse revenue streams in the heart of Downtown Peoria. Situated directly across from the Peoria County Courthouse, this three-story building with a unique mix of retail, office, residential and restaurant space is anchored by a specialized theater venue. The building is fully sprinklered, featuring a subterranean bar/restaurant and direct access to a rear parking deck. Property sold as-is, where is with no guarantees. Established tenants in 309 Main Street - Leiter Group law offices and CxT Roasting Company currently lease for immediate cash flow. High-visibility Main Street frontage with significant foot traffic and professional prestige. This is an ideal acquisition for an owner-operator or fine arts organization looking to establish a signature headquarters while benefiting from additional rental income from adjacent commercial suites. This property is located in the PUEZ (Peoria Urban Enterprise Zone) #9 for potential incentives for development.
Location
State IL
County Peoria
Area Paar Area
Zoning B-1
Direction Main Street near the Adams Intersection
Interior
Heating Other
Cooling Other
Flooring Carpet, Concrete, Other, Tile
Fireplace N
Exterior
View true
Roof Type Flat
Garage 1
Building
Faces Main Street near the Adams Intersection
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Ornamental Block,Other,Frame,Stone
Others
Tax ID 18-09-256-015