Versatile Retail/Office Space
For Lease
$12 SF/Yr
114 NE Madison Avenue, Peoria, IL 61602
3,111 SF space with covered and rooftop parking.
Space Size3,111 SF
Days on Market152
Property Features for 114 NE Madison Avenue
General Information
Standard status
Active
Size
3,111 SF
Class
B
Property subtype
Office/Retail
Lease Term
Gross
Building Details
Building Size
3,111 SF
Spaces For Lease
at 114 NE Madison Avenue Contact us- Size
- 3,111 SF
- Term
- Negotiable
For Lease $12/SF/Yr
Listing Agency:
Maloof Commercial Real Estate Company
(415) 942-4234
Listed By:
Madison Maloof · License #IL #475.180439
(415) 942-4234
Source:
Maloofcom
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 25 at 5:35AM
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 Maloof Commercial Real Estate Company
Investment Insights
Based on property information with market context.
This 3,111 square feet space, formerly a photography studio, features an open layout suitable for office or retail use. The property includes covered parking and accessible rooftop parking. It offers direct access from Madison Avenue, as well as an additional rear entrance. The flexible floor plan allows for customization.
Key Highlights
- Prime location with direct access from Madison Avenue.
- Versatile 3,111 sq ft open layout suitable for office or retail.
- Convenient covered parking and accessible rooftop parking.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,916
Businesses Nearby
Explore this area
Business Placement
Demographics for 61602, IL
1,198
Population
813
Households
1.5
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$17,273
Median Household Income
$34,082
Median Earnings
$912
Median Rent
$222,700
Median Home Value
Market
Lease Benchmarks for Peoria, IL
$14.16 /SF/Yr
Avg Asking Price
$5.75–$25 /SF/Yr
Price Range
6,184 SF
Avg Space Size
This space is priced 15% below the average of $14.16 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 3,111 SF space with covered and rooftop parking.
Where is this retail space located?
The property is located at 114 NE Madison Avenue Peoria, IL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Prime location with direct access from Madison Avenue.; Versatile 3,111 sq ft open layout suitable for office or retail.; Convenient covered parking and accessible rooftop parking.
