311-313 Main St

$350,000

311-313 Main St, Peoria, IL 61602

For Sale

Office Building

Active

Last Updated: 01/31/2025

Details:

Building Size: 16,972 sqft

Lot Area: 0.0917 acres

Class: B

Units: 2

Year Built: 1910

Floors: 3

Offered by

Will Hayes

Broker

Joseph & Camper

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Description:

Unique downtown multi-use commercial property for sale or lease.
Sale consists of a three-story special use commercial building, along with a 5,116 SF restaurant underground fully equipped bar/restaurant.
311 Main is currently set up for retail, office, theatre use and residential. 313 Main is the restaurant address.
Buildings have a sprinkler system and are connected to the parking deck in the rear.
A portion of the restaurant is located under the Central Building and is leased back to the owner of 313 Main Street. Exact SF of the restaurant that is conveyed with the sale vs what is leased back is currently being measured.
Located on Main Street in Downtown Peoria directly across the street from the Peoria County Courthouse.
Theater needs restoration to be brought back into service.

ORIGINAL TOWN OF PEORIA NE 1/4 SEC 9-8N-8E COMG ELY COR LOT 5 BLK 10 TH NW 88.04' TO POB: TH NW 21.65' SW 72' SE 21.45' NE 72' TO POB; ALSO COMG ELY COR LOT 5 BLK 10 TH NW 109.69' SW 72' TO POB: TH SW 29.5' SE 10' NE 29.5' NW 10' TO POB (EXC COMG ELY COR LOT 5 BLK 10 TH NW 88.04' SW 70.09' TO POB: TH SW 1.91' NW 11.45' 1.19' SE 11.45' TO POB (PT -042)) PT LOT 4 BLK 10