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311 SW Water Street Peoria, IL 61602 • Multi Unit - Multiple • Active

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Description

We are pleased to present the opportunity to acquire a premier residential portfolio within the Waterfront Place building. This offering includes the entirety of the 3rd and 4th floors (23 luxury loft apartments), a usable 3rd-story rooftop deck, and building air rights. Situated in a renovated 1900 brick-and-timber warehouse, this asset perfectly blends historic industrial charm with modern amenities. Located in the vibrant Peoria Warehouse District and boardering the Central Business District, the property sits adjacent to the OSF IT Headquarters, the Peoria Riverfront Museum, and the Caterpillar Visitors Center, ensuring a consistent demand from high-quality tenants. The property is zoned B1 and located in the River Edge Redevelopment District. Full financials available with NDA.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

County: Peoria
High School: Manual
Subdivision: None
Listed By:
RE/MAX Traders Unlimited Mobile: 309-657-3685
RMLSA
$3,500,000
Est. $23,360/mo
Active
BEDS0 BATHS0 MLS#PA1263754
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONNone SCHOOLManual
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Shown By

Jason Anderson
 (309) 207-0907

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311 SW Water Street, Unit 3 & 4, Peoria, IL 61602.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $3,500,000$3,500,000
Down Payment $122,500$700,000
Monthly Mortgage Amount $20,881$17,468
Taxes $4871$4871
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $2,099$0
Monthly Estimated Total $28,872$23,360

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