Contact us: 563.441.1776
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: Commercial - Retail
Building Description: 4.0 stories
Available Sqft: 20038
Year Built: 1900
General Information
County: Peoria
Listed By:
RE/MAX Traders Unlimited
Mobile: 309-657-3685
RMLSA
MLS ID: PA1263676
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311 SW Water Street, Unit 3 & 4, Peoria, IL 61602.
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563-441-1862
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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 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 purchasing. Information on this site was last updated 04/11/2026. The listing information on this page last changed on 04/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/11/2026 12:04:40 AM EST) or MRED MLS (last updated Fri 04/10/2026 11:58:11 PM EST) or SCWMLS (last updated Fri 04/10/2026 11:54:48 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 04/10/2026 10:15:29 PM EST) or Cedar Rapids MLS (last updated Fri 04/10/2026 10:44:15 PM EST) or NEIRBR MLS (last updated Fri 04/10/2026 11:58:43 PM EST) or ICAAR MLS (last updated Fri 04/10/2026 11:37:33 PM EST) or ECIMLS (last updated Fri 04/10/2026 11:44:15 PM EST) or RMLSA (last updated Sat 04/11/2026 12:00:57 AM EST) or Muscatine MLS (last updated Sat 04/11/2026 12:00:24 AM EST) or No Coast MLS (last updated Fri 04/10/2026 11:54:24 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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