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.