Illinois Department of Corrections & DCFS Portfolio -… — Sale in Peoria, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Peoria, IL 61603

Photos

Illinois Department of Corrections & DCFS Portfolio -… — Sale in Peoria, IL, photo 1 of 2
Illinois Department of Corrections & DCFS Portfolio -… — Sale in Peoria, IL, photo 2 of 2

Investment Figures

Cap rate
9.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The properties located at 2001 NE Jefferson Ave and 607 Main St, Peoria, Illinois, may be marketed for sale individually or as a portfolio; however, any sale of 2001 NE Jefferson Ave shall be contingent upon the closing of 607 Main St, and shall not occur prior to such closing. Marcus & Millichap is pleased to present this government office located at 2001 NE Jefferson Avenue, Peoria, Illinois. This office building was constructed in 1950 and consists of approximately 22,000 square feet situated on a 0.46-acre site. This government office is 100 percent occupied by the Illinois Department of Children and Family Services under a gross lease structure featuring two percent annual rent escalations and one remaining five-year renewal option. The lease is backed by a state agency with a Fitch credit rating of “A-,” and approximately 4.5 years remain on the current lease term. The Illinois Department of Children and Family Services maintains a strong regional presence, providing essential child welfare and family support services across Central Illinois. The agency operates multiple locations in the market, including offices supporting both administrative oversight and field casework. Its core responsibilities include investigating allegations of child abuse or neglect, administering foster care and adoption services, and connecting families with critical support resources such as counseling, childcare assistance, and broader social services. As part of a statewide system, DCFS plays a central role in protecting children and strengthening family stability. The property is located on Jefferson Avenue, a key arterial corridor that feeds directly into the region’s broader highway network and connectivity to major transportation routes, including Interstate 74, a primary east–west highway linking Peoria with regional markets such as Bloomington-Normal and the Quad Cities. Jefferson Avenue is also one of the most active commercial and civic corridors in the city, surrounded by

Market Context

This retail in Peoria, IL is listed for sale. It is offered at an approximate 9.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Peoria, IL — view the full market.

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