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.
For sale
$3,500,000
311 SW Water St #3 & 4, Peoria, IL 61602
5beds
5baths
20,038sqft
Multi Family, Apartment
Built in 1900
-- sqft lot
$-- Zestimate®
$175/sqft
$-- HOA
What's special
Modern amenitiesHistoric industrial charm
- 165 days |
- 610 |
- 22 |
Zillow last checked:
Listing updated:
Listed by:
Mark D Ferrill Mobile:309-657-3685,
RE/MAX Traders Unlimited,
Ryan Cannon,
RE/MAX Traders Unlimited
Source: RMLS Alliance as distributed by MLS GRID,MLS#: PA1263754
Originating MLS: Peoria Area Association of Realtors
Originating MLS: Peoria Area Association of Realtors
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Dishwasher, Dryer, Range, Refrigerator, Washer, Water Heater
- Laundry: Common Area, Owned Equipment
Features
- Elevator, High Speed Internet
- Basement: None
Interior area
- Total structure area: 20,038
- Total interior livable area: 20,038 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Elevator Installed, Handicap Access
Features
- Entry location: 1
- Exterior features: Rec Area
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
Lot
- Features: Level
Details
- Additional parcels included: 1809413004; 1809413005; 1809413006
- Parcel number: 1809413003
- Zoning description: B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Rubber
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: None
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $175/sqft
- Annual tax amount: $45,827
- Date on market: 1/30/2026
- Cumulative days on market: 166 days
- Lease term: Variable
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Listed for sale | $3,500,000$175/sqft |
Source:  RMLS Alliance as distributed by MLS GRID #PA1263754 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Downtown Peoria
Nearby schools
GreatSchools rating
- 3/10The Elise Ford Allen AcademyGrades: K-8Distance: 1.5 mi
- 1/10Manual High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Elise Ford Allen Academy
- Middle: Elise Ford Allen Academy
- High: Manual
Source: RMLS Alliance as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $60-- bd-- ba-- sqftSW Water St, Peoria, IL 61602Off Market
- $60-- bd-- ba-- sqftSW Water St, Peoria, IL 61602Off Market
- $727,3803 bd-- ba-- sqft311 SW Water St, Peoria, IL 61602Off Market
- $740,0003 bd-- ba-- sqft311 SW Water St, Peoria, IL 61602Off Market
- $823,8001 bd-- ba-- sqft311 SW Water St, Peoria, IL 61602Off Market
- $393,3003 bd-- ba-- sqft311 SW Water St, Peoria, IL 61602Off Market
- $--1 bd1 ba951 sqft311 SW Water St #309, Peoria, IL 61602Off Market
- $--1 bd1 ba746 sqft311 SW Water St #308, Peoria, IL 61602Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
Similar homes
- $1,850,0008 bd4 ba16k sqft502 NW Bryan St, Peoria, IL 61603For Sale
MLS ID #PA1260510, Zachary Oyler, Keller Williams Premier Realty. RMLS Alliance as distributed by MLS GRID - $1,750,0007 bd8 ba12k sqft800 Bayside Dr, Metamora, IL 61548For Sale
MLS ID #PA1267512, Julie Bielfeldt, Keller Williams Premier Realty. RMLS Alliance as distributed by MLS GRID
