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    1318 S Johanson Rd Peoria, IL 61607

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    For Lease
    $8 SF/Yr ($10,754 /Mo)

    Two-story office building featuring private offices, breakroom, and conference room.

    Property size:
    16,132 SF
    Lot size:
    56.15 Acres

    Property Features for 1318 S Johanson Rd

    General Information

    Size
    16,132 SF
    Lot size
    56.15 Acres

    Source: Maloof Commercial Agent Jason Miller

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

    Overview

    Two-Story Office Building For Lease

    This two-story office building offers 16,132 square feet of space and is available for lease. The building features an open foyer and entryway. The main level includes 7 private offices, a breakroom, and a conference room. The upper level provides 19 private offices and 2 large executive offices, one of which includes a full bathroom. The building is serviced by an elevator.
    Location Intelligence

    Current Use by Public Records

    Pioneer Railcorp Railroad Company

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hair Salon Clothing Store Department Store Storage Facility HVAC Service Discount Store Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6798619
    Latitude
    40.6734324

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    FAQs

    What type of property is this?
    Office building - Two-story office building featuring private offices, breakroom, and conference room.
    Where is this office building located?
    The property is located at 1318 S Johanson Rd Peoria, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - 16,132 sq. ft. of office space; - Elevator serviced building; - 19 private offices on the upper level
    (309) 693-3000
    Request Owner's contact information
    1318 S Johanson Rd Peoria, IL 61607
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    Peoria, IL 61607
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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
    1318 S Johanson Rd Peoria, IL 61607
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