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309-311 Main St 2 Retail Properties Offered at $825,823 CAD in Peoria, IL



Investment Highlights
- Two interconnected three-story buildings with retail, office, and residential components.
- Features include a historic theater, subterranean bar/restaurant, and rear parking access.
- Positioned within the Peoria Urban Enterprise Zone for potential development incentives.
- Located directly across from the Peoria County Courthouse in Downtown Peoria.
- Fully sprinkled buildings with established tenants providing immediate cash flow.
Executive Summary
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.
Property Facts
| Price | $825,823 CAD | Number of Properties | 2 |
| Price / SF | $37.68 CAD / SF | Individually For Sale | 1 |
| Sale Type | Investment | Total Building Size | 21,915 SF |
| Status | Active | Total Land Area | 0.13 AC |
| Price | $825,823 CAD |
| Price / SF | $37.68 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 21,915 SF |
| Total Land Area | 0.13 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 311 Main St, Peoria, IL 61602 | Retail | 16,962 SF | 1900 | - |
| 309 Main St, Peoria, IL 61602 | Retail | 4,953 SF | 1910 | $447,930 CAD |
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309-311 Main St
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