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311 SW Water Street #3 & 4, 
Peoria, IL 61602

$3,500,000

—

Bed

—

Bath

20,038

Sq Ft

Multi-Family

Active

Listed by

Mark Ferrill

, 

Ryan Cannon

RE/MAX Traders Unlimited

309-687-5000

Last updated:

February 1, 2026, 12:12 AM

MLS#

PA1263754

Source:

IL CAAR

About This Home

311 SW Water Street #3 & 4

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.

Home Facts

Multi-Family

Built in 1900

Price Summary

3,500,000

$174 per Sq. Ft.

MLS #:

PA1263754

Last Updated:

February 1, 2026, 12:12 AM

Added:

2 day(s) ago

Rooms & Interior

Interior

Living Area:

20,038 Sq. Ft.

Structure

Structure

Building Area:

20,038 Sq. Ft.

Year Built:

1900

Finances & Disclosures

Finances

Price:

$3,500,000

Price per Sq. Ft:

$174 per Sq. Ft.

Source:IL CAAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.