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    606 Fayette St Peoria, IL 61603

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    For Sale
    $995,000

    16,000 SF office building with basement and parking.

    Property size:
    16,000 SF
    Lot size:
    0.45 Acres

    Property Features for 606 Fayette St

    General Information

    Size
    16,000 SF
    Lot size
    0.45 Acres

    Source: Maloof Commercial Agent Dan Maloof

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

    Overview

    Two-Story Office Building For Sale

    This is a two-story office building offering 16,000 square feet of space, with additional space available in the basement. The ground level features 15 exterior-wall offices and 5 interior offices, along with a reception area and restrooms. The upper level includes approximately 18 exterior-wall offices and approximately 6 interior offices, which can be combined. This level also has its own restroom. The usable basement contains 2 conference or training rooms, a full kitchen, and file storage areas. Parking is available for approximately 25 vehicles. A freight elevator is present but inoperative.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Law Firm 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
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5902196
    Latitude
    40.6968955

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    FAQs

    What type of property is this?
    Office building - 16,000 SF office building with basement and parking.
    Where is this office building located?
    The property is located at 606 Fayette St Peoria, IL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - 16,000 sf office building with additional basement space.; - Ground level features 15 exterior-wall offices and 5 interior offices.; - Upper level includes approximately 18 exterior-wall offices and 6 interior offices that can be combined.
    (309) 693-3000
    Request Owner's contact information
    606 Fayette St Peoria, IL 61603
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    Peoria, IL 61603
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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
    606 Fayette St Peoria, IL 61603
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