222 NE Monroe Street, Peoria, IL


222 NE Monroe Street, Peoria, IL
+8

222 NE Monroe Street, Peoria, IL

Lot Number: 1

Real Estate Auction

272,876 Sq. Ft. Office Building/Parking Garage, 222 NE Monroe Street, Peoria, IL, 1/2 block from the Federal Courthouse and the Main Public Library with sweeping river views.  Approx. 60,000 sq. ft. of office space and 552 parking spaces.  (An immediately adjacent Four Points by Sheraton Hotel uses the parking garage for their guests.)  Office tenants include the University of Illinois.  Ideal for user or investor.

Current Annual Income $350,000

Replacement Value in Excess of $20,000,000

Appraised in 2016 at $6,500,000

Suggested Opening Bid $2,250,000

On-site inspections noon to 2pm on May 21, May 29 and June 5, 2024.

Auction Deadline: June 12, 2024

Click here: Terms of Sale

Click here: Sign Non-Disclosure Agreement in order to receive copies of Leases



 

Start Time: 06/12/2024 1:00:00 PM
End Time: 06/12/2024 1:00:00 PM
Time Remaining:

Real Estate Auction

272,876 Sq. Ft. Office Building/Parking Garage, 222 NE Monroe Street, Peoria, IL, 1/2 block from the Federal Courthouse and the Main Public Library with sweeping river views.  Approx. 60,000 sq. ft. of office space and 552 parking spaces.  (An immediately adjacent Four Points by Sheraton Hotel uses the parking garage for their guests.)  Office tenants include the University of Illinois.  Ideal for user or investor.

Current Annual Income $350,000

Replacement Value in Excess of $20,000,000

Appraised in 2016 at $6,500,000

Suggested Opening Bid $2,250,000

On-site inspections noon to 2pm on May 21, May 29 and June 5, 2024.

Auction Deadline: June 12, 2024

Click here: Terms of Sale

Click here: Sign Non-Disclosure Agreement in order to receive copies of Leases



 

Real Estate Auction

272,876 Sq. Ft. Office Building/Parking Garage, 222 NE Monroe Street, Peoria, IL, 1/2 block from the Federal Courthouse and the Main Public Library with sweeping river views.  Approx. 60,000 sq. ft. of office space and 552 parking spaces.  (An immediately adjacent Four Points by Sheraton Hotel uses the parking garage for their guests.)  Office tenants include the University of Illinois.  Ideal for user or investor.

Current Annual Income $350,000

Replacement Value in Excess of $20,000,000

Appraised in 2016 at $6,500,000

Suggested Opening Bid $2,250,000

On-site inspections noon to 2pm on May 21, May 29 and June 5, 2024.

Auction Deadline: June 12, 2024

Click here: Terms of Sale

Click here: Sign Non-Disclosure Agreement in order to receive copies of Leases

 

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