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    2014-2016 N Knoxville Ave Peoria, IL 61603

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    For Sale
    $899,000

    6,119 SF strip center on 0.84 acres, renovated in 2016.

    Property size:
    6,119 SF
    Lot size:
    0.84 Acres

    Property Features for 2014-2016 N Knoxville Ave

    General Information

    Size
    6,119 SF
    Lot size
    0.84 Acres

    Source: Maloof Commercial Agent Dan Maloof

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

    Overview

    Three-Tenant Strip Center For Sale

    This 6,119 square foot, one-story, three-tenant strip center is situated on 0.84 acres. Constructed in 1995 and renovated in 2016, the property benefits from abundant shared parking and excellent visibility. Monument signage is available on Knoxville Avenue. The surrounding area features established residential neighborhoods and is located less than one mile from OSF St. Francis Medical Center, OSF Healthcare Children's Hospital of Illinois, UnityPoint Health Methodist Hospital, and Ronald McDonald House Charities of Central Illinois. Nearby businesses include Aaron's, Rent-A-Center, Wilton Mortuary, OSF Medical Group Primary Care, and Midtown Plaza Shopping Center, along with several retail and restaurant establishments. The property experiences high traffic counts. The owner is willing to provide up to a one-year leaseback option. The zoning is O2 Exclusive Office Park.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office 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
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5932681
    Latitude
    40.7121064

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    FAQs

    What type of property is this?
    Office space - 6,119 SF strip center on 0.84 acres, renovated in 2016.
    Where is this office space located?
    The property is located at 2014-2016 N Knoxville Ave Peoria, IL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Excellent visibility and high traffic counts (26,011); - **7.0% Cap Rate with $58,923 Projected NOI**; - 3-tenant strip center with existing tenants
    (309) 693-3000
    Request Owner's contact information
    2014-2016 N Knoxville Ave 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
    2014-2016 N Knoxville Ave Peoria, IL 61603
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