Lot Number: 1
Real Estate Auction November 13, 2025
272,876 sq. ft. Office Building/Parking Garage
Located in the Central Business District at 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
To be Sold Subject to a Minimum Bid of $1,250,000*
*Subject to 5% Buyers Premium, Terms of Sale and Lenders Approval
On-site inspections noon to 2 p.m. on Oct. 21, Oct. 29, Nov. 6 and by appointment.
Auction Deadline: November 13, 2025
Click here for Non Disclosure Agreement
Real Estate Auction November 13, 2025
272,876 sq. ft. Office Building/Parking Garage
Located in the Central Business District at 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
To be Sold Subject to a Minimum Bid of $1,250,000*
*Subject to 5% Buyers Premium, Terms of Sale and Lenders Approval
On-site inspections noon to 2 p.m. on Oct. 21, Oct. 29, Nov. 6 and by appointment.
Auction Deadline: November 13, 2025
Click here for Non Disclosure Agreement
Real Estate Auction November 13, 2025
272,876 sq. ft. Office Building/Parking Garage
Located in the Central Business District at 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
To be Sold Subject to a Minimum Bid of $1,250,000*
*Subject to 5% Buyers Premium, Terms of Sale and Lenders Approval
On-site inspections noon to 2 p.m. on Oct. 21, Oct. 29, Nov. 6 and by appointment.
Auction Deadline: November 13, 2025
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