The Space - created by The John Peel Centre in Stowmarket - aims to recreate the late legendary broadcaster's home studio and library online.
Peel had over 25,000 vinyl albums in his collection along with thousands of singles and CDs, with 100 added in alphabetical order each week.
ABBA, ABC, AC/DC and Adam & The Ants are among the first artists to be published.
The site will not allow users to actually listen to the tracks, but will rather give fans the chance to see Peel's unique labelling and information, along with artwork and a recreation of his filing and ranking systems.
Peel's wife Sheila Ravenscroft appeared on BBC Breakfast to announce the project, stating: "He collected records all his life, I got involved when I first met him in 1968.
"There's over 26,000 albums, no idea how many singles or CDs. We started cataloguing them in 1969.
"There's bog-standard little file cards, which John typed up and they are done alphabetically. Albums are stored numerically, each week we're choosing the first 100 of each letter and giving them information on what's there and what were John's favourite tracks. Hopefully people will enjoy John's collection."
Tom Barker of the John Peel Centre for Creative Arts also explained that there are plans to link the tracks and albums to music services such as Spotify and iTunes in order for fans to hear the music, while also gaining funding in the future to actually have the tracks streamable on the site.
The site aims to have 2,600 albums online by October.