Clear-Span Warehouse
For Sale
Contact for pricing
1100 W Detweiller Dr, Peoria, IL 61615
Single-story warehouse with one office and flexible space supports distribution, storage, or light manufacturing.
Property Size12,312 SF
Price / SF$79.92
Days on Market8
Property Features for 1100 W Detweiller Dr
General Information
Standard status
Active
Size
12,312 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Clear Span
Yes
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
12,312 SF
Listing Agency:
Joseph & Camper Commercial
(309) 643-0717
Listed By:
Brad Joseph
(309) 643-0717
Source:
Moodyscre
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 12 at 11:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joseph & Camper Commercial
Investment Insights
Based on property information with market context.
This freestanding warehouse contains 12,312 SF of clear-span space arranged on a single level, along with one small office. The building offers 18–20 FT of clear height and a layout suited to distribution, storage, or light manufacturing operations. Its open configuration supports movement and organization within the facility.
The property is located at 1100 W Detweiller Dr in Peoria, within Mt. Hawley Industrial Park. Route 6 provides access toward I-474, and on-site parking serves employees and customers. The building is agent owned.
The property is located at 1100 W Detweiller Dr in Peoria, within Mt. Hawley Industrial Park. Route 6 provides access toward I-474, and on-site parking serves employees and customers. The building is agent owned.
Key Highlights
- 12,312 SF freestanding warehouse with clear‑span interior
- 18–20 FT clear height
- Single‑story layout with one small office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,948
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,798,960
$1.8M
Cap Rate 7%
$1,284,971
$1.3M
Cap Rate 9%
$999,422
$999.4K
Market Conditions
NOI Build-Up for 12,312 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.8K $9.00/SF
− Vacancy
−$5.0K −$0.41/SF
EGI
$105.8K $8.59/SF
− OpEx
−$15.9K −$1.29/SF
NOI
$89.9K $7.31/SF
Area
Peoria, IL
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,798,960
Cap Rate 7%
$1,284,971
Cap Rate 9%
$999,422
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,948 @ 7.0% cap · market cap 9.14%
Second Best
Industrial
$1.06M
$925.9K – $1.23M
NOI $74,075 @ 7.0% cap · market cap 7.53%
Theoretical Best
Multifamily LT 5
$10.77M
$9.42M – $12.57M
NOI $753,929 @ 7.0% cap · market cap 76.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61615, IL
24,314
Population
11,334
Households
2.1
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
29.6 sq mi
ZIP Area
821
Density / Sq Mi
$82,157
Median Household Income
$50,165
Median Earnings
$1,079
Median Rent
$206,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-story warehouse with one office and flexible space supports distribution, storage, or light manufacturing.
Where is this warehouse located?
The property is located at 1100 W Detweiller Dr Peoria, IL.
What is the asking price?
The asking price for this property is $984,000.
What are key features of this property?
This property features: 12,312 SF freestanding warehouse with clear‑span interior; 18–20 FT clear height; Single‑story layout with one small office
