606 W. Fayette Street, Peoria, IL, 61603

606 W. Fayette Street Peoria, IL 61603

606 W. Fayette Street, Peoria, IL, 61603
606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603 606 W. Fayette Street, Peoria, IL, 61603
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,280,000
Last Verified:
Oct 22, 2024

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Highlights

  • 2-story 16,000 sf office building
  • Additional space in basement
  • Ground Level:
  • 15 exterior-wall offices & 5 interior offices
  • Reception area and restrooms
  • Upper Level:
  • ±18 exterior-wall offices
  • ±6 interior offices
  • Interior offices can be combined
  • This level has its own restroom
  • Basement (useable):
  • 2 conference/training rooms
  • Full kitchen & files storage areas
  • Parking for ±25 vehicles
  • Freight elevator is inoperative

Description

Downtown office with quick access to interstate. Surface parking for up to 24 vehicles.

Located in the heart of Peoria, this property offers a prime investment opportunity in a thriving commercial district. The area is surrounded by a vibrant mix of businesses, shops, and restaurants, providing a dynamic and bustling atmosphere for potential tenants or clients. Nearby points of interest include the Peoria Civic Center, offering a range of events and conferences. With its central location and proximity to key amenities, this area presents an ideal opportunity for an Office / Office Building investor seeking to capitalize on the energy and growth of Peoria, IL.

Building Size: 16000sq ft
Building Class: C
Lot Size: 0.45 acres


Documents

606 Fayette

Map of 606 W. Fayette Street, Peoria, IL, 61603

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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.