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    601 NE Jefferson Ave Peoria, IL 61605

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    For Lease
    $5 SF/Yr ($9,473 /Mo)

    22,736 SF office space for lease in downtown Peoria.

    Property size:
    22,736 SF
    Lot size:
    0.16 Acres

    Property Features for 601 NE Jefferson Ave

    General Information

    Size
    22,736 SF
    Lot size
    0.16 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 Space Available

    This 22,736 square foot office space is available for lease in downtown Peoria, situated on the corner of Jefferson Avenue and Hancock Street. The property is located just east of the central business district and approximately three blocks from the I-74 interchange. The interior layout features multiple private offices, workstations, and some open areas. Previously occupied by a healthcare office, the property includes abundant free surface parking onsite. The rental rate is competitive.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm 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
    -89.584541
    Latitude
    40.6969225

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    FAQs

    What type of property is this?
    Office space - 22,736 SF office space for lease in downtown Peoria.
    Where is this office space located?
    The property is located at 601 NE Jefferson Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - 22,736 SF office space for lease.; - Competitive rental rate.; - Located in downtown Peoria on the corner of Jefferson Ave and Hancock Street.
    (309) 643-0717
    Request Owner's contact information
    601 NE Jefferson Ave Peoria, IL 61605
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    Peoria, IL 61605
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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
    601 NE Jefferson Ave Peoria, IL 61605
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