Regency Plaza

222 NE Monroe Street Peoria, IL 61602

222 NE Monroe Street, Peoria, IL, 61602
222 NE Monroe Street, Peoria, IL, 61602 222 NE Monroe Street, Peoria, IL, 61602
FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$2,595,000
Last Verified:
Mar 20, 2024

Highlights


Description

Introducing 222 NE Monroe Street, Peoria, IL – a prime commercial investment opportunity. This sprawling 272,875 SF mixed-use property boasts a 7-story covered parking deck with 554± parking stalls, offering convenience for tenants and visitors as well as income for investors. With 55,815± SF of net rentable multi-tenant office spaces across the 1st, 8th, and 9th floors, this property presents a good investment opportunity in the thriving Downtown Business zone. Currently at 35.7% occupancy, there's significant potential for expansion and increased returns. Explore purchase incentives and investment advantages, and secure a promising future with this property.

Welcome to 222 NE Monroe Street, Peoria, IL. This property offers a 2,118 SF office suite on the main floor, along with 27,560 SF available on the entire 8th floor and an additional 2,392 SF available on the 9th floor. Take advantage of prominent building signage opportunities to elevate your business presence. With prime leasing options and versatile space, this property presents an ideal setting for businesses to thrive. Seize this chance to secure your place in this great location and elevate your operations to new heights.

This commercial real estate opportunity is located in Peoria's Central Business District downtown. This location provides immediate access to Interstate 74 and with beautiful river views and picturesque cityscapes, this building is in the middle of the action. Sitting directly across from the Four Points by Sheraton, this building has nearby amenities of nearly every kind. From food to lodging to transportation, this opportunity is well positioned.

Building Size: 272875sq ft
Building Class: B
Lot Size: 0.77 acres


Documents

222 Monroe Lease Brochure
222_Monroe_Sale_Brochure.pdf

Units for Lease

1st Floor
Space Available: 2118 SF
Lease Type: Gross

Price Per Sqft/Month: $11.00
8th Floor
Space Available: 27560 SF
Lease Type: Gross

Price Per Sqft/Month: $11.00
9th Floor (2,392 sf)
Space Available: 2392 SF
Lease Type: Gross

Price Per Sqft/Month: $11.00

Map of 222 NE Monroe Street, Peoria, IL, 61602

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.