222 Monroe St Peoria, IL 61602

This exceptional 272,876 square foot multi-tenant office building in Peoria, IL's Central Business District offers a compelling investment opportunity. Located at 222 NE Monroe St, this property boasts a prime location just half a block from the Federal Courthouse and Main Public Library, providing stunning river views. The building includes approximately 60,000 square feet of office space currently generating $350,000 in annual income. A significant asset is the 552-space parking garage, partially utilized by an adjacent Four Points by Sheraton Hotel. The University of Illinois is among the current office tenants. Appraised in 2016 at $6,500,000 and with a replacement value exceeding $20,000,000, this property presents substantial upside potential. The suggested opening bid is $2,250,000. On-site inspections are scheduled for noon to 2 p.m. on May 21st, May 29th, and June 5th. This property is ideal for both owner-occupiers and investors seeking a strong return in a desirable location. The zip code is 61602.