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401 Main StPeoria, IL 61602
Becker Office Building $10,500,000
Asset ClassOffice
Class "A", 16-Story Office Building at $64 PSF. 20.91% LIRR. OPPORTUNITY ZONE!
overview of deal

Overview

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 a few high-end suites currently available for lease, providing flexibility for both investors and owner-users. The Property is supported by an onsite, indoor executive parking deck and offers tenants a high-quality office environment with attractive common areas and scenic river views. The property lies within an "Opportunity Zone" which offers special RE Tax incentives. Specifically, investors who hold the investment for at least 10 years can avoid capital gains on the new appreciation.

Investment Highlights

Rentable SF
162,412
Land
1.11 Acres
Parking Spaces
215 Spaces
  • Class A 16-Story Office Building in Downtown Peoria.
  • Property benefits from "Opportunity Zone" status.
  • Located in the Heart of Peoria’s Central Business District
  • Multiple Suites Available Providing Leasing Flexibility
  • Beautiful Illinois River Views from Upper Floors
  • 200 Car On-site Parking Supporting Tenant Convenience
  • Surrounded by Dining, Retail, and Entertainment Including Peoria Civic Center
  • Convenient Access to Public Transportation and Major Highways
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401 Main StPeoria, IL 61602

Presented By

John R. Abuja, CCIM, SIORSenior Managing Director

License #: IL:471.007675

(312) 327-5412john.abuja@marcusmillichap.com

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