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Investment Highlights

  • Class A, 16-story office building with approximately 162,412 square feet of rentable space.
  • Modern construction, built in 1993, with professional finishes and panoramic views of the Illinois River.
  • Surrounded by an amenity-rich environment with dining, retail, entertainment, and recreational options nearby.
  • Prime downtown Peoria location offering strong visibility within the central business district.
  • Multiple suites available, providing leasing flexibility for investors and owner-users.

Executive Summary

Marcus & Millichap is pleased to present 401 Main Street, a Class A,16-story office building located in the heart of downtown Peoria’s central business district. Commonly known as the Becker Building, the Property offers a premier office environment with strong visibility, professional finishes, and panoramic views of the Illinois River, making it one of the most desirable office locations in the Peoria market. The Property consists of approximately 162,412 square feet of rentable building area situated on a 1.11-acre site.
Built in 1993, the building features modern construction and multiple suites currently available for lease, providing flexibility for both investors and owner-users. The Property is supported by onsite parking and offers tenants a high-quality office environment with attractive common areas and scenic river views. Positioned in a highly walkable and amenity-rich downtown location, the Property is surrounded by a vibrant mix of dining, retail, entertainment, and outdoor attractions. Nearby amenities include One World Café, the Shoppes at Grand Prairie, and the Peoria Civic Center, as well as the Peoria Riverfront and Illinois River trail system, offering both lifestyle and recreational appeal for tenants and employees. The location also benefits from convenient access to public transportation and major highways, enhancing connectivity throughout the region. With its large-scale Class A positioning, leasing flexibility, and prime downtown location, the Property is well suited to capture demand from professional office users seeking a
high-quality workspace in a centralized business environment.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
229,040 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1993
Price
$15,237,373 CAD
Price Per SF
$66.53 CAD
Cap Rate
9.02%
NOI
$1,374,378 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
16 Stories
Typical Floor Size
19,087 SF
Slab To Slab
12’
Building FAR
4.74
Lot Size
1.11 AC
Opportunity Zone
Yes
Parking
250 Spaces (1.09 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Public Administration
  • -
  • $9.99
  • -
  • Jan 0000

The State of Illinois government serves as the administrative body for Illinois residents, established when it became the 21st state in 1818. The government operates through various agencies that deliver essential public services. Key service areas include healthcare programs, transportation infrastructure management, and business support initiatives. Through its departments, Illinois addresses community needs ranging from public safety to economic development and environmental protection.

  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Hasselberg Grebe Snodgrass Urban & Wentworth is a Peoria law firm that has built a statewide Illinois practice around attorneys who concentrate in specific fields of law. The firm handles business and commercial law, family law, estate planning, litigation, real estate, personal injury, workers' compensation, and other matters for individuals, corporations, businesses, and professionals. The firm's practice model centers on direct lawyer consultation, focused legal work, and a team approach that supports clients across a broad range of civil and business disputes throughout Illinois.

  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Murphy & Dunn, P.C. began as a family law practice serving Central Illinois and has spent decades focusing exclusively on divorce, custody, and related family law matters. The firm handles dissolution of marriage, legal separation, custody and parental allocation, parenting time, child support, visitation, maintenance, alimony, adoption, paternity, post-decree matters, prenuptial agreements, mediation, and family law appeals. Murphy & Dunn maintains a team of attorneys and paralegals and serves clients through consultation-based representation in family law disputes. The firm's mission centers on family law advocacy that places children's needs and legal interests first while pursuing settlement when possible and litigation when needed.

  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The U.S. Trustee Program is a component of the United States Department of Justice responsible for overseeing the administration of federal bankruptcy cases and private trustees nationwide. The program was established by the Bankruptcy Reform Act of 1978 and expanded nationwide in 1986. Its mission is to promote the integrity and efficiency of the bankruptcy system for debtors, creditors, and the public. Operating through an Executive Office in Washington, D.C. and regional field offices across the United States, the program supervises private trustees in cases filed under Chapters 7, 11, 12, and 13 of the Bankruptcy Code. The U.S. Trustee Program monitors bankruptcy proceedings, reviews professional fees, enforces compliance with bankruptcy laws, and identifies potential fraud or abuse for referral to U.S. Attorneys. The program functions as a neutral party within the bankruptcy process and does not represent individual debtors or creditors. As a federal government program, it is not privately held and is not publicly traded.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Public Administration - $9.99 - Jan 0000
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000
Public Administration - $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 103B3
  • 1,230 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste 108
  • 2,780 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste 110
  • 3,323 SF
  • Office
  • Full Build-Out
  • Now
  • 1st Fl-Ste 1130B
  • 1,513 SF
  • Office
  • Full Build-Out
  • Now
  • 10th Fl-Ste 1
  • 4,300 SF
  • Office
  • Full Build-Out
  • Now
  • 11th Fl-Ste 1110
  • 3,501 SF
  • Office
  • Full Build-Out
  • Now
  • 16th Fl-Ste 1650
  • 1,900 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Build-Out Available
1st Fl-Ste 103B3 1,230 SF Office Full Build-Out Now
1st Fl-Ste 108 2,780 SF Office Full Build-Out Now
1st Fl-Ste 110 3,323 SF Office Full Build-Out Now
1st Fl-Ste 1130B 1,513 SF Office Full Build-Out Now
10th Fl-Ste 1 4,300 SF Office Full Build-Out Now
11th Fl-Ste 1110 3,501 SF Office Full Build-Out Now
16th Fl-Ste 1650 1,900 SF Office Full Build-Out Now

1st Fl-Ste 103B3

Size
1,230 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 108

Size
2,780 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 110

Size
3,323 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 1130B

Size
1,513 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

10th Fl-Ste 1

Size
4,300 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

11th Fl-Ste 1110

Size
3,501 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

16th Fl-Ste 1650

Size
1,900 SF
Space Use
Office
Build-Out
Full Build-Out
Available
Now

10th Fl-Ste 1

Size 4,300 SF
Space Use Office
Build-Out Full Build-Out
Available Now

Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
18-09-209-030
Land Assessment
$586,669 CAD
Improvements Assessment
$3,332,365 CAD
Total Assessment
$3,919,034 CAD
  • Listing ID: 40943170

  • Date on Market: 2026-06-16

  • Last Updated:

  • Address: 401 Main St, Peoria, IL 61602

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