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    207 SW Adams St Peoria, IL 61629

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    For Sale
    Contact for pricing

    11,096 SF office building in downtown Peoria for sale.

    Property size:
    11,096 SF
    Lot size:
    1.24 Acres

    Property Features for 207 SW Adams St

    General Information

    Size
    11,096 SF
    Lot size
    1.24 Acres

    Source: Joseph & Camper Commercial Agent Will Hayes

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

    Overview

    Downtown Peoria Office Building

    This 11,096 SF fully sprinklered office building is available for sale or lease in downtown Peoria. The entire space is located on the main level of the building, underneath a city parking deck. The current layout includes a reception area, nearly 40 private offices, a conference room, and an open work area. There is a small office/retail area to the east of the main entrance with a private entrance off Adams Street. The property was formerly occupied by a real estate office and Ameren Cilco. B1 zoning allows for office, retail, restaurant, and many other potential commercial uses. The city is responsible for all exterior maintenance, including the roof. One year of free base rent is offered, with the tenant only responsible for NNN expenses, subject to a minimum three-year lease with agreeable terms. Potential business uses include office, retail, and restaurant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5919529
    Latitude
    40.6909464

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    FAQs

    What type of property is this?
    Office building - 11,096 SF office building in downtown Peoria for sale.
    Where is this office building located?
    The property is located at 207 SW Adams St Peoria, IL.
    What are key features of this property?
    This property features: - 11,096 SF fully sprinklered office building in downtown Peoria.; - One year free base rent (tenant only pays NNN expenses).; - Located on the main level under a city parking deck.
    (309) 643-0717
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    207 SW Adams St Peoria, IL 61629
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    Peoria, IL 61629
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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
    207 SW Adams St Peoria, IL 61629
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