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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 $824,542 CAD
Price / SF $37.62 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 $447,235 CAD
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  • Listing ID: 40110718

  • Date on Market: 2026-04-10

  • Last Updated:

  • Address: 309-311 Main St, Peoria, IL

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