309-311 Main Street 311 Main Street, Peoria, IL 61602
Shopping Center - Restaurant
Mixed Use
Property Description
309 & 311 Main Street in downtown Peoria, Illinois are a truly unique commercial sale with retail, restaurant, theater, office and residential spaces included. This 21,915 SF multi-use complex offers a rare combination of historic character and diverse revenue streams in the heart of Downtown Peoria. Situated directly across from the Peoria County Courthouse, the property consists of two interconnected three-story buildings with a unique mix of retail, office, residential and restaurant space, anchored by a specialized theater venue. The buildings are fully sprinklered, featuring a subterranean bar/restaurant and direct access to a rear parking deck. Properties are 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.
Highlights
- Historic Character with Diverse Revenue Streams
- Highly Visible Downtown Location
- Established Tenants
Full Address: 311 Main Street, Peoria, IL 61602
Listing Type: FOR SALE
Status: Active
Zoning: B-1
Region: M-EN
County: Peoria County
Property ID: 4107108
Has Sprinkler: Yes
Building Sf: 21,915
Parcel Num: 18-09-256-041, 18-09-256-015
Number Buildings: 2
Year Built: 1910
Year Renovation: 1992
