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    4111 N Prospect Rd Peoria Heights, IL 61616

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    For Lease
    $13 SF/Yr ($2,166 /Mo)

    2,000 SF retail/office space with full basement.

    Property size:
    2,000 SF
    Lot size:
    0.43 Acres

    Property Features for 4111 N Prospect Rd

    General Information

    Size
    2,000 SF
    Lot size
    0.43 Acres

    Source: Joseph & Camper Commercial Agent Will Hayes

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

    Overview

    Peoria Heights Retail/Office Space

    This 2,000 square foot retail or office space is located on Prospect Road in Peoria Heights. The space, formerly a bicycle shop, features an open layout with tall ceilings, hardwood floors, and a large window line providing natural light. A partially finished full basement offers an additional 2,000 square feet of usable space, including a breakroom and a restroom. Existing tenants in the building include Country Financial, Michaels Hair Design, and Express Employment Professionals. The property offers direct access to the Rock Island Trail from the parking lot.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail 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
    -89.5746169
    Latitude
    40.7370187

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    FAQs

    What type of property is this?
    Retail space - 2,000 SF retail/office space with full basement.
    Where is this retail space located?
    The property is located at 4111 N Prospect Rd Peoria Heights, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Prospect Road in Peoria Heights.; - 2,000 SF open retail/office space with tall ceilings, hardwood floors, and expansive windows.; - Full, partially finished 2,000 SF basement with breakroom and restroom.
    (309) 643-0717
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    4111 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
    4111 N Prospect Rd Peoria Heights, IL 61616
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