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Illinois Dept. of Corrections & DCF 2 Office Properties Offered at $8,844,667 CAD in Peoria, IL
Investment Highlights
- Fully leased to the Illinois Department of Corrections and DCFS under a gross lease structure.
- Lease term in place through November 2030 provides steady income for nearly four more years.
- 62,697 SF of rentable area on a 1.03-acre site supports institutional occupancy requirements.
- State agency guarantor ensures strong credit and solid investor security.
- Central Peoria location with accessibility to major road networks and surrounding business infrastructure.
- Attractive 9.00% cap rate with current NOI of $560,189 for strong yield potential.
Executive Summary
607 Main Street
- Mission-critical Illinois Department of Corrections reentry facility providing residential housing, work-release opportunities, and transitional services.
- One of only four Adult Transition Centers in Illinois and the second-largest facility statewide with 249 beds.
- Operating at approximately 97% occupancy, housing more residents than any other Illinois ATC.
- Only Adult Transition Center outside Northern Illinois, serving as the primary reentry hub for Central and Downstate Illinois.
- 54-year operating history at the subject property, demonstrating long-term operational stability.
- Part of a 62,697 SF government-leased portfolio offering investors durable cash flow backed by the State of Illinois with 100% occupancy.
2001 NE Jefferson
- Mission-critical Illinois Department of Children and Family Services (DCFS) regional office serving Central Illinois.
- Fully occupied by DCFS, supporting child protective investigations, foster care and adoption services, family support programs, and case management.
- Critical public service facility coordinating with law enforcement, healthcare providers, schools, and the judicial system to protect children and strengthen families.
- Strategically located in the Peoria market, providing convenient access to major transportation corridors, government offices, healthcare systems, and community resources.
- Long-term operational presence supporting essential child welfare services that are difficult to relocate or replace.
- Part of a 62,697 SF government-leased portfolio offering investors durable cash flow backed by the State of Illinois with 100% occupancy.
- Mission-critical Illinois Department of Corrections reentry facility providing residential housing, work-release opportunities, and transitional services.
- One of only four Adult Transition Centers in Illinois and the second-largest facility statewide with 249 beds.
- Operating at approximately 97% occupancy, housing more residents than any other Illinois ATC.
- Only Adult Transition Center outside Northern Illinois, serving as the primary reentry hub for Central and Downstate Illinois.
- 54-year operating history at the subject property, demonstrating long-term operational stability.
- Part of a 62,697 SF government-leased portfolio offering investors durable cash flow backed by the State of Illinois with 100% occupancy.
2001 NE Jefferson
- Mission-critical Illinois Department of Children and Family Services (DCFS) regional office serving Central Illinois.
- Fully occupied by DCFS, supporting child protective investigations, foster care and adoption services, family support programs, and case management.
- Critical public service facility coordinating with law enforcement, healthcare providers, schools, and the judicial system to protect children and strengthen families.
- Strategically located in the Peoria market, providing convenient access to major transportation corridors, government offices, healthcare systems, and community resources.
- Long-term operational presence supporting essential child welfare services that are difficult to relocate or replace.
- Part of a 62,697 SF government-leased portfolio offering investors durable cash flow backed by the State of Illinois with 100% occupancy.
Property Facts
| Price | $8,844,667 CAD | Number of Properties | 2 |
| Price / SF | $141.07 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9% | Total Building Size | 62,697 SF |
| Sale Type | Investment or Owner User | Total Land Area | 1.03 AC |
| Status | Active |
| Price | $8,844,667 CAD |
| Price / SF | $141.07 CAD / SF |
| Cap Rate | 9% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 62,697 SF |
| Total Land Area | 1.03 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 607 Main St, Peoria, IL 61602 | Office | 40,697 SF | 1972 | - |
| 2001 NE Jefferson St, Peoria, IL 61603 | Office | 22,000 SF | 1950 | - |
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Illinois Dept. of Corrections & DCF
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