Cooperage 214
214 SW Pecan Street
Peoria, IL 61602
Highlights
- New 3-year Commercial Lease - Executed 2025 with the largest hospital in Peoria
- TIF extended through 2034
- All individual water heaters have been replaced
- Open floor plans with high-end finishes
- Washer and dryer in each unit
- Stainless GE appliances throughout
- Warehouse-type hardware stays true to the history of the building
- Short Term Renal Units receiving an average of $1,700 per month
Description
SVN is proud to present Cooperage 214, a meticulously restored 27,000 sf former whiskey-barrel cooperage now delivering 18 luxury loft-style apartments and prime commercial space, fully leased in 2025 to the region’s largest hospital tenant.
Originally serving Hiram Walker distilleries in Peoria’s famed “Distillery Row” (also known as “Whiskey City”), this three-story landmark was reimagined in 2017 into sleek, light-filled residences while preserving original Quaker windows, hardwood floors, exposed wood columns, masonry walls, and brick ceilings. Artful design elements include reclaimed barrel staves, elevator wood, and a custom cooperage logo to celebrate the building’s heritage.
As the area transitions from its past manufacturing focus to forward thinking innovation technologies, many companies are relocating here providing the area with over $1billion in new construction. This revitalization has attracted people of all kinds focused on living the “big-city life” while having access to “small-town amenities”.
Cooperage 214 was awarded the 2017 Preservation Winner for Adaptive Use by Landmark Illinois. It’s not difficult to see why this honor was bestowed upon such a unique space. Celebrating its rich history, the talented renovation team restored the original Quaker windows, wood columns, hardwood floors, and brick walls throughout the space. Further attention to detail was paid to reimaging building elements as art and décor. This included reclaimed elevator wood & mechanics; reclaimed whiskey barrels & barrel staves as well as a commissioned, custom cooperage logo paying homage to the building.
Cooperage 214 represents an exceptional investment that beautifully marries historic substance with contemporary design—in a location primed for continued growth. With stable tenancy, award-winning architecture, and momentum-driving impact within Peoria’s revitalizing urban core, this asset delivers both strong financial performance and community relevance.
The subject property is located in the Warehouse District in downtown Peoria, IL
