309-323-0399
128 SW Monroe St, Peoria, IL for Rent

$13.00 USD /SF/yr

Office/Retail - For Rent
1/10
2,500-13,750 SF | 1 Space

128 SW Monroe St
Peoria, IL 61602


HIGHLIGHTS

  • Situated across from the Peoria Civic Center and connected to the Peoria Marriott Pere Marquette, offering unmatched visibility and foot traffic.
  • Located in a Federal Opportunity Zone and the River Edge Redevelopment Zone, providing potential tax and investment incentives.
  • Features 15' ceiling heights and sprinkler-ready systems to support diverse build-out needs.
  • Ideal for family-focused dining, retail, or professional services, addressing key downtown needs amid ongoing redevelopment efforts.

OVERVIEW

Located in the heart of downtown Peoria, 128 SW Monroe Street offers a prime opportunity for retail, office, or restaurant space. Positioned on the block between Main Street and Fulton Street, this property benefits from its proximity to key attractions like the Peoria Civic Center, the Peoria Marriott Pere Marquette, and adjacent parking facilities. The space is part of a district seeing significant investment, making it ideal for businesses looking to establish a presence in a thriving community. With flexible unit sizes starting at 2,500 SF and infrastructure in place for modern needs like sprinkler systems and high ceilings, this property is well-suited for uses ranging from professional offices to family-friendly dining or specialty retail. You can also capitalize on unique tax benefits available in this Opportunity Zone, strategically deferring and potentially reducing or eliminating capital gains while contributing to the revitalization of an underserved area. Additionally, the site’s inclusion in the River Edge Redevelopment Zone offers further incentives for redevelopment and growth. Peoria’s dynamic business ecosystem, central location, and cultural amenities, including the nearby Civic Center, create an environment ripe for success. With access to major roadways and Peoria International Airport just minutes away, this property offers convenience for both businesses and customers. Seize this exceptional opportunity to be part of Peoria’s downtown revitalization and position your business for long-term growth.

RENTAL DETAILS

SPACE AVAILABLE

2,500-13,750 SF

# OF SPACES

1

RENT/MONTH

$2,708+ USD /mo

RENT RATE (MO)

$1.08 USD /SF/mo

RENT RATE (YR)

$13.00 USD /SF/yr

LEASE TYPE

Modified Gross

LEASE LENGTH

Negotiable

AVAILABLE

-

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

73,100 SF

BUILDING CLASS

B

YEAR BUILT

2013

PARKING SPACES

503

LAND DETAILS

LAND ACRES

0.86001 AC

LAND SF

37,462 SF

ZONING

B-1

ASK ABOUT THIS PROPERTY

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.