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Cooperage 214 - 18 Apts. + 1 - Commercial 214 Pecan St 18 Unit Apartment Building $4,883,200 CAD ($271,289 CAD/Unit) Peoria, IL 61602

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INVESTMENT HIGHLIGHTS

  • New 3-year Commercial Lease - Executed 2025 with the largest hospital in Peoria
  • All individual water heaters have been replaced
  • Washer and dryer in each unit
  • TIF extended through 2034
  • Open Floor plans with high-end finishes
  • Stainless GE appliances throughout

EXECUTIVE SUMMARY

SVN is proud to present Cooperage 214, a meticulously restored 27,000 sf former whiskey-barrel cooperage now delivering 18 luxury loft-style apartments and prime commercial space, fully leased in 2025 to the region’s largest hospital tenant.
Originally serving Hiram Walker distilleries in Peoria’s famed “Distillery Row” (also known as “Whiskey City”), this three-story landmark was reimagined in 2017 into sleek, light-filled residences while preserving original Quaker windows, hardwood floors, exposed wood columns, masonry walls, and brick ceilings. Artful design elements include reclaimed barrel staves, elevator wood, and a custom cooperage logo to celebrate the building’s heritage.
As the area transitions from its past manufacturing focus to forward thinking innovation technologies, many companies are relocating here providing the area with over $1billion in new construction. This revitalization has attracted people of all kinds focused on living the “big-city life” while having access to “small-town amenities”.
Cooperage 214 was awarded the 2017 Preservation Winner for Adaptive Use by Landmark Illinois. It’s not difficult to see why this honor was bestowed upon such a unique space. Celebrating its rich history, the talented renovation team restored the original Quaker windows, wood columns, hardwood floors, and brick walls throughout the space. Further attention to detail was paid to reimaging building elements as art and décor. This included reclaimed elevator wood & mechanics; reclaimed whiskey barrels & barrel staves as well as a commissioned, custom cooperage logo paying homage to the building.
Cooperage 214 represents an exceptional investment that beautifully marries historic substance with contemporary design—in a location primed for continued growth. With stable tenancy, award-winning architecture, and momentum-driving impact within Peoria’s revitalizing urban core, this asset delivers both strong financial performance and community relevance.

PROPERTY FACTS

Price $4,883,200 CAD
Price Per Unit $271,289 CAD
Sale Type Investment
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.41 AC
Building Size 29,970 SF
Average Occupancy 95%
No. Stories 3
Year Built/Renovated 1922/2017
Opportunity Zone Yes
Zoning WH - Warehouse

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Tub/Shower

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 9 - 712
2+1 9 - 918

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-09-355-003
Land Assessment
$17,821 CAD
Improvements Assessment
$1,051,802 CAD
Total Assessment
$1,069,623 CAD
  • Listing ID: 37365083

  • Date on Market: 2025-08-21

  • Last Updated:

  • Address: 214 Pecan St, Peoria, IL 61602

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