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    4440 Prospect Rd Peoria Heights, IL 61616

    Sponsored
    For Lease
    $15 SF/Yr

    Peoria Heights Office: 1560 sq ft

    Lot size:
    1,560 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    333
    This prime 1,560 square foot retail/office space in Peoria Heights offers a fantastic location on Prospect Road. Previously occupied by a bank, the layout includes an open area, multiple private offices, and a former teller area, providing flexibility for various business needs. The property benefits from high visibility due to its endcap location at a four-way stop, ensuring excellent exposure to traffic on Prospect Road. Its adjacency to Heritage Square provides added convenience and potential synergy with other businesses. Furthermore, the property offers direct access to the Rock Island Trail via the parking lot, providing an attractive amenity for employees and customers. This single-tenant space presents a unique opportunity for businesses seeking a well-situated and versatile office environment in a desirable Peoria Heights location. The building is situated in Peoria County. The property type is classified as retail and office, with a traditional office subtype.

    Property Features for 4440 Prospect Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,560 SF

    Unit(s) available at that property

    Space
    Size
    1,560 SF
    Rate per SF
    $15

    HighLights

    • 1,560 SF retail/office space in Peoria Heights, Peoria County.
    • Single‑tenant occupancy.
    • Formerly a bank; features open area, private offices, and teller area.
    • High visibility endcap location on Prospect Road at a four‑way stop.
    • Adjacent to Heritage Square with Rock Island Trail access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria Heights
    County
    Peoria
    State
    Illinois
    Longitude
    -89.57368816282
    Latitude
    40.741810352459

    Nearby Comparable

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      46,800 SF

      New Mixed-Use Development

      Four-story mixed-use building with retail and office space.
      4425 N Prospect Rd, Peoria Heights, IL 61616
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      Updated Executive Office Suites Available

      Move-in ready office suites with ample parking and easy access.
      4541 N Prospect Rd, Peoria Heights, IL 61616
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      Peoria Heights Retail/Office Space

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      Peoria Office Space for Lease

      Prime Peoria office space, flexible layouts.
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    Nearby Similar for Lease

    • Contact for pricing

      Peoria Heights Retail/Office Space

      Lease opportunity in Peoria Heights for retail or office use.
      924 E Glen Ave, Peoria Heights, IL 61616
      View Details
    • $5 SF/Yr
      5,510 SF

      Versatile Commercial Property in Peoria Heights

      Multi-use property with retail, office, and warehouse spaces for lease.
      920 E Glen Ave, Peoria Heights, IL 61616
      View Details
    • $13 SF/Yr
      2,000 SF

      Peoria Heights Retail/Office Space

      2,000 SF retail/office space with full basement.
      4111 N Prospect Rd, Peoria Heights, IL 61616
      View Details
    • Contact for pricing
      2,800 SF

      Peoria Heights Commercial Space Available

      Prime Peoria Heights Office/Retail Space for Lease
      924 Glen Ave, Peoria Heights, IL 61616
      View Details
    • $18 SF/Yr
      1,356 SF

      Updated Executive Office Suites Available

      Move-in ready office suites with ample parking and easy access.
      4541 N Prospect Rd, Peoria Heights, IL 61616
      View Details
    • Contact for pricing
      46,800 SF

      New Mixed-Use Development

      Four-story mixed-use building with retail and office space.
      4425 N Prospect Rd, Peoria Heights, IL 61616
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Peoria Heights Office: 1560 sq ft
    Where is this office property / space located?
    The property is located at 4440 Prospect Rd Peoria Heights, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 1,560 SF retail/office space in Peoria Heights, Peoria County.; Single-tenant occupancy.; Formerly a bank; features open area, private offices, and teller area.
    Request Owner's contact information
    4440 Prospect Rd Peoria Heights, IL 61616
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    Peoria Heights, IL 61616
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4440 Prospect Rd Peoria Heights, IL 61616
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