Civic Center Plaza

Location: Various, Various
Type: Mixed Use
Price: $ 6,225,000

Civic Center Plaza is a 12-story, 153-unit mixed use office and residential building totaling 131,689 square feet located in the heart of downtown Peoria, IL. The property was originally constructed in 1911 as an office building, however recognizing the growing demand for apartments in the downtown area, the current ownership began converting floors of the building to residential units in 2004. Currently 7 of the 12 floors have been converted. SMC is financing the sponsors acquisition of the fee interest in the property with a $6,225,000 loan.