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Garage 128 SW Monroe St
2,500 - 13,750 SF of Office/Retail Space Available in Peoria, IL 61602
Highlights
- Situated across from the Peoria Civic Center and connected to the Peoria Marriott Pere Marquette, offering unmatched visibility and foot traffic.
- Features 15' ceiling heights and sprinkler-ready systems to support diverse build-out needs.
- Located in a Federal Opportunity Zone and the River Edge Redevelopment Zone, providing potential tax and investment incentives.
- Ideal for family-focused dining, retail, or professional services, addressing key downtown needs amid ongoing redevelopment efforts.
all available space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
Be a part of the redevelopment of downtown Peoria and the Pere Marquette property! Retail, office or restaurant spaces available to be built out in the block of SW Monroe between Main Street and Fulton Street. These units present excellent opportunities with their proximity directly across the street from the Peoria Civic Center, the Peoria Civic Center parking lots, and attached to the Peoria Marriott Pere Marquette and its parking deck. There is investment into the Peoria downtown and Central Business District and there is a need for family focused dining options and several types of retail. The space could also be an excellent option for professional offices such as financial advisors, attorneys, or even a medical clinic. Available Unit Sizes - 13,750 Total SF that can be subdivided into spaces as small as 2,500 SF, including options at 4,500 SF, 5,100 SF and 9,600 SF. Ceiling heights are 15' and infrastructure is in place for sprinkler systems if needed. These spaces are in a completely raw condition with utilities currently and are ready for a complete buildout.
- Listed rate may not include certain utilities, building services and property expenses
- Space is in Excellent Condition
- Fits 7 - 110 People
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor | 2,500-13,750 SF | Negotiable | $13.00 /SF/YR $1.08 /SF/MO $178,750 /YR $14,896 /MO | Office/Retail | Partial Build-Out | 30 Days |
1st Floor
| Size |
| 2,500-13,750 SF |
| Term |
| Negotiable |
| Rental Rate |
| $13.00 /SF/YR $1.08 /SF/MO $178,750 /YR $14,896 /MO |
| Space Use |
| Office/Retail |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 2,500-13,750 SF |
| Term | Negotiable |
| Rental Rate | $13.00 /SF/YR |
| Space Use | Office/Retail |
| Condition | Partial Build-Out |
| Available | 30 Days |
Be a part of the redevelopment of downtown Peoria and the Pere Marquette property! Retail, office or restaurant spaces available to be built out in the block of SW Monroe between Main Street and Fulton Street. These units present excellent opportunities with their proximity directly across the street from the Peoria Civic Center, the Peoria Civic Center parking lots, and attached to the Peoria Marriott Pere Marquette and its parking deck. There is investment into the Peoria downtown and Central Business District and there is a need for family focused dining options and several types of retail. The space could also be an excellent option for professional offices such as financial advisors, attorneys, or even a medical clinic. Available Unit Sizes - 13,750 Total SF that can be subdivided into spaces as small as 2,500 SF, including options at 4,500 SF, 5,100 SF and 9,600 SF. Ceiling heights are 15' and infrastructure is in place for sprinkler systems if needed. These spaces are in a completely raw condition with utilities currently and are ready for a complete buildout.
- Listed rate may not include certain utilities, building services and property expenses
- Fits 7 - 110 People
- Space is in Excellent Condition
About the Property
Located in the heart of downtown Peoria, 128 SW Monroe Street offers a prime opportunity for retail, office, or restaurant space. Positioned on the block between Main Street and Fulton Street, this property benefits from its proximity to key attractions like the Peoria Civic Center, the Peoria Marriott Pere Marquette, and adjacent parking facilities. The space is part of a district seeing significant investment, making it ideal for businesses looking to establish a presence in a thriving community. With flexible unit sizes starting at 2,500 SF and infrastructure in place for modern needs like sprinkler systems and high ceilings, this property is well-suited for uses ranging from professional offices to family-friendly dining or specialty retail. You can also capitalize on unique tax benefits available in this Opportunity Zone, strategically deferring and potentially reducing or eliminating capital gains while contributing to the revitalization of an underserved area. Additionally, the site’s inclusion in the River Edge Redevelopment Zone offers further incentives for redevelopment and growth. Peoria’s dynamic business ecosystem, central location, and cultural amenities, including the nearby Civic Center, create an environment ripe for success. With access to major roadways and Peoria International Airport just minutes away, this property offers convenience for both businesses and customers. Seize this exceptional opportunity to be part of Peoria’s downtown revitalization and position your business for long-term growth.
PROPERTY FACTS FOR 128 SW Monroe St , Peoria, IL 61602
| Min. Divisible | 2,500 SF | Building Size | 73,100 SF |
| Property Type | Specialty | Year Built | 2013 |
| Property Subtype | Parking Garage |
| Min. Divisible | 2,500 SF |
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Size | 73,100 SF |
| Year Built | 2013 |
Features and Amenities
- Signage
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Garage | 128 SW Monroe St
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