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311 Sw Water Street 3 & 4, Peoria, IL 61602

$3,500,000

20,038 sq ft
MLS# 1263754
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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 Visitor’s 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 Details

City
Peoria
County
Peoria
Subdivision
None
Schools
  • Elise Ford Allen Academy
  • Elise Ford Allen Academy
  • Manual
Type
Residential Income
Exterior
  • Rec Area
Garage
  • On Street
  • Other
New Construction
No
Zoning
B1
Square Ft.
20,038
Apx Lot Size
0x0
Year Built
1900

Features

Exterior
  • Rec Area
Roofing
  • Rubber
Garage/Parking
  • On Street
  • Other
Basement
  • None
Heating/Cooling
  • Electric
  • Forced Air
  • Electric Water Heater
Water/Sewer
  • Public Sewer
  • Public
Exterior Amenities
  • Rec Area
Road/Access
  • Paved
Laundry Facilities
  • Common Area
  • Owned Equipment
Lease Information
  • Variable

Financials

2024 Taxes
43861.88
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of RE/MAX Traders Unlimited, Mark Ferrill, as of 02/01/2026 14:15pm exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.