Description
The 4,953 SF, three-story investment property at 309 Main Street in downtown Peoria, Illinois, features both retail and office spaces with active leases. The main level retail space is leased by CxT Coffee and the second and third floors are currently occupied by The Leiter Group (law firm). The law firm's second-floor office space includes two private offices, a reception area, and a work room; the third floor includes an open atrium, a large work room, three private offices, a kitchen, and a file room. The law firm floors can be vacated for owner occupancy or can continue to be leased. The building is fully sprinklered and is sold as-is, where is with no guarantees. This property is also for sale with the adjacent property, 311 Main Street, which offers a renovation opportunity for the vacant historic theater, retail spaces and a lower-level (below street level) bar (formerly Richards Underground).
Property Highlights
Property Type: Commercial - Retail
Building Description: 3.0 stories
Available Sqft: 14966
General Information
County: Peoria
Listed By:
RE/MAX Traders Unlimited
Mobile: 309-323-0399
RMLSA
MLS ID: PA1265450
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309 Main Street, Peoria, IL 61602.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $324,900 | $324,900 | $324,900 |
| Down Payment | $64,980 | $11,372 | $81,225 |
| Monthly Mortgage Amount | $1,538 | $1,913 | $1,991 |
| Taxes | $452 | $452 | $452 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $143 | $0 |
| Monthly Estimated Total | $2,090 | $2,608 | $2,543 |