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Medical Office Condo
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1605 W Candletree Dr, Peoria, IL 61614

Configured with reception, private treatment rooms, restrooms, and open area for a healthcare-office layout.

Property Size1,200 SF
Price / SF$120
Days on Market1065

Property Features for 1605 W Candletree Dr

General Information

Standard status Active
Size 1,200 SF
Property subtype OFFICE
Occupancy 100%

Additional Details

Office Units 16

Building Details

Buildings 1
Tenancy Multi
Owner Occupied No
Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #475122056
Source: Moodyscre
Added: Sep 19, 2023 Changed: Aug 8 Last Checked: Aug 18 at 11:59AM

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 Joseph & Camper Commercial

Investment Insights

Based on property information with market context.

This 1,200-square-foot medical office condo is currently occupied by a chiropractor and includes an open waiting room and reception entryway, three treatment rooms or private offices, men’s and women’s restrooms, and additional open area. The building contains 16 units total, with neighboring owners including medical, financial, and other general office users.

Exterior improvements include painting completed in 2020 and parking lot resurfacing and restriping completed in 2021. The property offers abundant onsite parking and is located on Candletree Drive, one block off of University.

Key Highlights

  • 1,200 SF medical office condo on Candletree Drive
  • Currently occupied by a chiropractor
  • Open waiting room/reception entryway with three treatment rooms/private offices

Property Analytics

Current Use

Universal Industrial Manufacturer Laddu Express Big Box & Wholesale Store Dr. Daniel Mcconnell Alternative Medicine Practice Integrity Plus Financial ... Financial Advisor Bright Candletree Rehabilitation ... Rehabilitation Center

Suggested Use

Top Pick Garden Center Grocery & Convenience Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Storage Facility Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Office units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,387
Businesses Nearby
Well-served
Demand for This Use

Demographics for 61614, IL

27,119
Population
13,870
Households
2
Avg Household Size
41
Median Age
46%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,260
Density / Sq Mi
$68,379
Median Household Income
$46,540
Median Earnings
$948
Median Rent
$169,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Similar Off Market Nearby

  • Tom Cats Peoria, IL 61615

Frequently Asked Questions

What type of property is this?
Medical Office Space - Configured with reception, private treatment rooms, restrooms, and open area for a healthcare-office layout.
Where is this medical office space located?
The property is located at 1605 W Candletree Dr Peoria, IL.
What is the asking price?
The asking price for this property is $144,000.
What are key features of this property?
This property features: 1,200 SF medical office condo on Candletree Drive; Currently occupied by a chiropractor; Open waiting room/reception entryway with three treatment rooms/private offices
(309) 643-0717 Call to check price and availability
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