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    4541 N Prospect Rd Peoria Heights, IL 61616

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    For Lease
    $18 SF/Yr ($2,034 /Mo)

    Move-in ready office suites with ample parking and easy access.

    Property size:
    1,356 SF
    Lot size:
    1.76 Acres

    Property Features for 4541 N Prospect Rd

    General Information

    Size
    1,356 SF
    Lot size
    1.76 Acres

    Source: Maloof Commercial Agent Jason Miller

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

    Overview

    Updated Executive Office Suites Available

    This updated executive office building offers office suites ranging from 1,500 to 3,200 square feet. The third-floor suites are move-in ready, with the potential for approximately 5,200 square feet on the third floor. The building provides two private parking lots accommodating approximately 125 vehicles. Common area lobbies and restrooms are available on all levels. The building is equipped with both passenger and freight elevators. It offers quick access to Illinois Route 29, Route 116, and US Route 150.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria Heights
    County
    Peoria
    State
    Illinois
    Longitude
    -89.574996
    Latitude
    40.7435976

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    FAQs

    What type of property is this?
    Office space - Move-in ready office suites with ample parking and easy access.
    Where is this office space located?
    The property is located at 4541 N Prospect Rd Peoria Heights, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Move-in ready office suites available on the 3rd floor; - Ample parking with 2 private lots for 125± vehicles; - Flexible suite sizes: 1,500 sq. ft. - 3,200 sq. ft. available, with potential for ±5,200 sq. ft. on the 3rd floor
    (309) 693-3000
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    4541 N Prospect Rd Peoria Heights, IL 61616
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    Peoria Heights, IL 61616
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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
    4541 N Prospect Rd Peoria Heights, IL 61616
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