top of page

No doubt, owner-occupied properties Downtown are highly sought after.


While many new living spaces are rental properties, there are outstanding property options available for those who desire to live Downtown and own their space/condominium.

​To assist you in exploring your options we have provide
a list of building that are primarily owner occupied.

Owner Occupied Properties

scroll down to see links

401 Water

$/month (call for details)
street address, Peoria, IL 61602

401 Water is located in the historic waterfront of downtown Peoria, Illinois in a premier location that offers the convenience of downtown living, is close to riverfront activities and much more! The building is comprised of two distinct environments. The residential area houses twenty-nine loft-style, luxury condos while the commercial area has nearly twenty unique businesses.

The condos at 401 Water offer soaring twelve units with fifteen foot ceilings, abundant windows, exposed brick walls, open duct work. Inviting balconies allow you to experience the magnificent views of the Illinois River from the privacy of your own condo. Residents also enjoy the use of an inviting lobby, secure coded entry and adjoining parking deck. At home or at work, you will find 401 Water to be an inviting downtown destination.

Owner Occupied Properties

Owner Occupied Properties Available

401 SW Water Street  

Condo 806

Tom Ritschel 314-220-6833

Debbie Ritschel 309-453-7483 and

  • Shown by appointment only.

  • Ritschels are the original owners since 401 condos opened
    in 2001.

  • Exclusive top floor River and City views with two 7 X 12 foot balconies

  • Walking distance to Downtown and Warehouse restaurants and bars, Peoria Civic Center, Peoria Riverfront Museum, Cat Visitors Center, Riverplex and all Riverfront events

  • 2,236 square feet, architect designed

  • Attached parking deck with direct indoor access available

  • Onsite Management

  • Electronic security access control

  • Electric HVAC and gas range

  • Pets allowed

  • Gas grilling allowed on balconies

  • 50’ x 17’ Great Room with River and City views

  • Den with original steel warehouse elevator doors with Murphy bed for guests

  • Master Bedroom with River view

  • Two full baths

  • Open floor plan with 12.5 ceilings

  • Solid 110 year old maple hardwood floors with custom trim

  • Large windows and exposed brick interior walls throughout

  • Kitchen with custom cherry upper and lower cabinets

  • Quartz counters and island

  • Stainless appliances, 5 burner gas range

  • Wet bar and wine cooler

  • Custom dining table included

  • Halogen lighting

  • Harmon Kardon whole-house sound system

  • Ceiling fans throughout

  • Master bedroom with en suite bath with heated towel bar

  •  10 x 10 walk in master closet

  • In condo laundry facilities

  • Trash chute nearby

  • Bike storage available

Monthly condo fees ($545.26) include:

  • Water (fully softened)

  • Long term reserves collection- no assessments pending

  • Exterior window washing

  • All outdoor maintenance

  • All common area cleaning

Peoria City 2017 taxes: $9,382.34

bottom of page