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
MLS ID: PA1263754
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311 SW Water Street, Unit 3 & 4, Peoria, IL 61602.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | 30 yr Jumbo |
| Purchase Price | $3,500,000 | $3,500,000 |
| Down Payment | $122,500 | $700,000 |
| Monthly Mortgage Amount | $20,881 | $17,013 |
| Taxes | $4871 | $4871 |
| Insurance | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 |
| Monthly Mortage Insurance | $2,099 | $0 |
| Monthly Estimated Total | $28,872 | $22,905 |