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311 SW Water Street , 3 & 4

Peoria, IL 61602
  • $3,500,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: PA1263754
UPDATED: 62 min ago
$3,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

We are pleased to present the opportunity to acquire a premier residential portfolio within the Waterfront Place building. This offering includes the entirety of the 3rd and 4th floors (23 luxury loft apartments), a usable 3rd-story rooftop deck, and building air rights. Situated in a renovated 1900 brick-and-timber warehouse, this asset perfectly blends historic industrial charm with modern amenities. Located in the vibrant Peoria Warehouse District and boardering the Central Business District, the property sits adjacent to the OSF IT Headquarters, the Peoria Riverfront Museum, and the Caterpillar Visitor’s Center, ensuring a consistent demand from high-quality tenants. The property is zoned B1 and located in the River Edge Redevelopment District. Full financials available with NDA.

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© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-02-17T15:45:18.133.
www.ashleycoker.com/homes/172585726
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311 SW Water Street , 3 & 4 Peoria, IL 61602

  • Price: $3,500,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 62 min ago
  • ID#: PA1263754
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
None
County:
Peoria
Area:
Paar Area
Elementary School:
Elise Ford Allen Academy
Middle School:
Elise Ford Allen Academy
High School:
Manual
Property Description
We are pleased to present the opportunity to acquire a premier residential portfolio within the Waterfront Place building. This offering includes the entirety of the 3rd and 4th floors (23 luxury loft apartments), a usable 3rd-story rooftop deck, and building air rights. Situated in a renovated 1900 brick-and-timber warehouse, this asset perfectly blends historic industrial charm with modern amenities. Located in the vibrant Peoria Warehouse District and boardering the Central Business District, the property sits adjacent to the OSF IT Headquarters, the Peoria Riverfront Museum, and the Caterpillar Visitor’s Center, ensuring a consistent demand from high-quality tenants. The property is zoned B1 and located in the River Edge Redevelopment District. Full financials available with NDA.
Exterior Features

Construction Materials Brick Exterior Features Rec Area Parking Features On StreetOther Parking Total 0 Road Surface Type Paved Roof Rubber

Interior Features

Basement None Building Area Total 20038 Cooling Central Air Heating ElectricForced AirElectric Water Heater Interior Features Cable AvailableElevatorHigh Speed Internet Laundry Features Common AreaOwned Equipment Number Of Central Air Units 23 Number Of Dishwashers 23 Number Of Dryers 6 Number Of Electric Meters 23 Number Of Gas Meters 23 Number Of Heating Units 23 Number Of Ranges 23 Number Of Washers 6 Number Of Water Heaters 23 Numberof Refrigerators 23

Property Features

100 Year Plain Yes Accessibility Features ElevatorHandicap Access Additional Parcels Description 18-09-413-004; 18-09-413-005; 18-09-413-006 Agent Owned Yes Development Name Waterfront Place Disclosed Short Sale Possible Financing Cash OnlyCommercial Gross Income 391386 Gross Scheduled Income 385255 Insurance Expense 2092 Lease Term Variable Lot Features LevelRiver View Lot Size Dimensions 0x0 Manager On Site YN No Net Operating Income 223244 New Construction YN No Number Of Water Meters 1 Number Of Window Units 0 Operating Expense 124280 Repossessed No Structure Type Apartment Building Tax Annual Amount 43861.88 Tax Legal Description Attached Tax Year 2024 Trash Expense 0 Type Residential Income Virtually Stage YN Yes Water Source Public SewerPublic Zoning B1

Listing provided courtesy of Mark Ferrill of RE/MAX Traders Unlimited: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-02-17T15:45:18.133.
 
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Ashley Coker Team | The Real Estate Group
3701 W. Wabash Ave.
Springfield IL, 62711