113 Adams StPeoria, IL 61602

Property Details for 113 Adams St

Year built

1948

Lot size

0.89 AC

Property size (Sq ft)

38,624 SF

Property type

Office properties

Property subtype

Other specialty properties

Description

This exceptional 3-story, 38,624 square foot office building, constructed in 1948, is situated in Peoria's vibrant downtown central business district, directly across from the new OSF Healthcare Foundation Headquarters. The property features a full basement and a rooftop deck, offering versatile space and attractive outdoor amenity. Each of the three floors comprises 9,656 square feet, readily adaptable to various uses. Previously utilized by Illinois Central College, the building includes office spaces, classrooms, and laboratories, making it suitable for a single tenant or multiple occupants. Convenient elevator and cargo elevator access serve all floors. This prime location benefits from multiple tax incentive zones, including the River Edge Redevelopment Zone Program (RERZ), Peoria Downtown Conservation TIF, and the Federal Opportunity Zone Census Tract 12, presenting significant financial advantages. The building sits on a 0.89-acre lot and is zoned B1. The asking price is $1,300,000, translating to $33.66 per square foot. The property is currently vacant, presenting a unique opportunity for immediate occupancy and customization. This is a rare chance to acquire a substantial, well-located building in a thriving downtown area with significant potential for growth and return on investment.

Location Insight

City

Peoria

County

Peoria

State

Illinois

Latitude

40.6914

Longitude

-89.5904

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