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    2524 W Farrelly Ave Peoria, IL 61615

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    For Lease
    $995 /Mo ($17 SF/Yr)

    700 SF salon/barber shop with equipment included for lease.

    Property size:
    700 SF
    Lot size:
    0.92 Acres

    Property Features for 2524 W Farrelly Ave

    General Information

    Size
    700 SF
    Lot size
    0.92 Acres

    Source: Joseph & Camper Commercial Agent Steve Reeves

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Salon/Barber Shop For Lease

    A 700 square foot fully operational salon/barber shop is available for lease. The space includes chairs and equipment. It is located in a development adjacent to Avantis Ristorante, benefiting from high traffic volume. The property offers great visibility and ample parking. Space on the streetside sign pylon is included. Each available space has already installed backlit signage usable by the tenant. The development is well maintained and situated in the heart of a busy commercial corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Piano Network of Peoria Piano Store Alcoholics Anonymous Alcoholism Treatment Program Rita's Barber Shop Barber Shop Goddess Collections Wig Shop Cleaning Services Cleaning Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6329346
    Latitude
    40.7459754

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    FAQs

    What type of property is this?
    Retail space - 700 SF salon/barber shop with equipment included for lease.
    Where is this retail space located?
    The property is located at 2524 W Farrelly Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Fully operational 700 SF salon/barber shop available for lease.; - Chairs and equipment are included, making this a turn-key opportunity.; - High traffic volume location adjacent to Avantis Ristorante.
    (309) 550-0139
    Request Owner's contact information
    2524 W Farrelly Ave Peoria, IL 61615
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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
    2524 W Farrelly Ave Peoria, IL 61615
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