Versatile Storefront & Office
1209 SW Adams Street Peoria, IL 61602
1209 SW Adams Street, Peoria, IL, 61602
$189,900
For Sale
$189,900
Compact storefront with a flexible interior layout suited for retail, office, service, or showroom use.
Property Size876 SF
Price / SF$216.78
Days on Market46
Property Features for 1209 SW Adams Street
General Information
- Standard status
- Active
- Size
- 876 SF
- Property subtype
- General Commercial
Listing agency
EXP Realty, LLC
(309) 648-3169
Listed by
Jordan Myers
Source
Xome
Added: Jun 6 Updated: Jul 20 at 8:41PM Checked: Jul 21 at 3:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC
Investment Insights
Based on property information with market context.
This compact commercial space is approximately 876 square feet and is designed to support a range of storefront and office-oriented operations. The layout is described as functional and easy to manage, making it a practical fit for uses such as retail, office, service businesses, showroom operations, or contractor-based needs.
The property is positioned on SW Adams Street in Peoria’s established industrial and commercial corridor. The remarks indicate strong visibility and convenient access to major routes through the city, with proximity to downtown Peoria and Interstate access.
For terms, the listing notes the property is for sale, and it also references an option to rent with the tenant responsible for utilities.
The property is positioned on SW Adams Street in Peoria’s established industrial and commercial corridor. The remarks indicate strong visibility and convenient access to major routes through the city, with proximity to downtown Peoria and Interstate access.
For terms, the listing notes the property is for sale, and it also references an option to rent with the tenant responsible for utilities.
Key Highlights
- Approximately 876 SF commercial space on SW Adams Street in Peoria
- Flexible layout suited for retail, office, service business, showroom, or contractor operations
- Wood flooring and guest facilities listed as 3
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.4k | $21.00 |
| − Vacancy | −$3.3k | −$3.78 |
| EGI | $15.1k | $17.22 |
| − OpEx | −$3.8k | −$4.31 |
| NOI | $11.3k | $12.92 |
876 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$161.6K
$141.4K – $188.6K
NOI $11,314 @ 7.0% cap · market cap 5.96%
Second Best
Retail
$149.8K
$131.1K – $174.8K
NOI $10,486 @ 7.0% cap · market cap 5.52%
Theoretical Best
Multifamily LT 5
$766.3K
$670.5K – $894.0K
NOI $53,642 @ 7.0% cap · market cap 28.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Compact storefront with a flexible interior layout suited for retail, office, service, or showroom use.
Where is this storefront property located?
The property is located at 1209 SW Adams Street Peoria, IL.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Approximately 876 SF commercial space on SW Adams Street in Peoria; Flexible layout suited for retail, office, service business, showroom, or contractor operations; Wood flooring and guest facilities listed as 3
