Description
10,500+ Sq Ft Downtown Peoria Office Space – Iconic Twin Towers Rare opportunity to own a large office presence in downtown Peoria. Located in the Twin Towers, this offering includes four parcel IDs: 18-09-211-022, 18-09-211-009, 18-09-211-035, 18-09-211-023. Closest Google Pin to Peoria, IL! Establish your business in the heart of Downtown Peoria! Excellent location! Across from City Hall and minutes from the courthouse, riverfront, restaurants, and cafes, this property offers strong visibility for professional users, law firms, executive offices, or owner-occupants. Approx. $2.5M in potential city-backed improvements planned for the building. ~10,500 SF (per seller) with two primary tenants plus “cloud tenants” generating additional income via business address agreements. Income: • Tenant 1: $900/mo + utilities | ~1,000 SF | 3.5 years left • Tenant 2: $2,000/mo + utilities | ~2,500 SF | 4 years left • Automatic rent increases in place • Cloud tenants: $100–$200/mo each Owner occupies part of the space and may lease back ~6,500 SF or less. Layout includes: • Executive Meeting Room • Junior Executive Meeting Room • 16–18 cubicles • 6-8 Private offices • Co-working, reception, break room, storage Office furniture and cubicles (~$60K value) included. Potential SBA 504 eligibility for owner-occupants using 51%+ of space. Access to tenant-occupied areas requires accepted LOI.
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School Ratings & Info
Description
10,500+ Sq Ft Downtown Peoria Office Space – Iconic Twin Towers Rare opportunity to own a large office presence in downtown Peoria. Located in the Twin Towers, this offering includes four parcel IDs: 18-09-211-022, 18-09-211-009, 18-09-211-035, 18-09-211-023. Closest Google Pin to Peoria, IL! Establish your business in the heart of Downtown Peoria! Excellent location! Across from City Hall and minutes from the courthouse, riverfront, restaurants, and cafes, this property offers strong visibility for professional users, law firms, executive offices, or owner-occupants. Approx. $2.5M in potential city-backed improvements planned for the building. ~10,500 SF (per seller) with two primary tenants plus “cloud tenants” generating additional income via business address agreements. Income: • Tenant 1: $900/mo + utilities | ~1,000 SF | 3.5 years left • Tenant 2: $2,000/mo + utilities | ~2,500 SF | 4 years left • Automatic rent increases in place • Cloud tenants: $100–$200/mo each Owner occupies part of the space and may lease back ~6,500 SF or less. Layout includes: • Executive Meeting Room • Junior Executive Meeting Room • 16–18 cubicles • 6-8 Private offices • Co-working, reception, break room, storage Office furniture and cubicles (~$60K value) included. Potential SBA 504 eligibility for owner-occupants using 51%+ of space. Access to tenant-occupied areas requires accepted LOI.
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