Warehouse with Fenced
For Sale
$109,900
107 Sanford St, East Peoria, IL 61611
M3-zoned warehouse with enclosed outdoor storage, paved access, and two overhead loading doors.
Property Size1,200 SF
Lot Size0.24 Acres
Price / SF$91.58
Days on Market53
Property Features for 107 Sanford St
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.24 Acres
Property subtype
Industrial - Manufacturing
Zoning
M3
Additional Details
Fenced Yard
Yes
Building Details
Building Size
1,200 SF
Year Built
1994
Buildings
1
Listing Agency:
Joseph & Camper Commercial
Listed By:
Steve Reeves · License ##475.190510
(309) 550-0139
Source:
Commercialcafe
Added: Aug 14
Changed: Sep 29
Last Checked: Oct 4 at 7:01AM
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.
Built in 1994, this 1,200-square-foot warehouse includes a 30-by-40-foot garage, an outdoor fenced yard, and a paved driveway. The building has one 8-foot overhead door and one 10-foot overhead door, with both openings measuring 9 feet wide.
The property occupies a 0.24-acre double lot and includes an easement. It is positioned across from Caterpillar’s KK Facility and carries M3 zoning, providing a defined industrial setting for warehouse and storage operations.
The property occupies a 0.24-acre double lot and includes an easement. It is positioned across from Caterpillar’s KK Facility and carries M3 zoning, providing a defined industrial setting for warehouse and storage operations.
Key Highlights
- 1,200 SF garage measuring 30’x40’
- Outdoor fenced yard on a 0.24‑acre double lot
- One 8’ overhead door and one 10’ overhead door; both are 9’ wide
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,369
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,380
$187.4K
Cap Rate 7%
$133,843
$133.8K
Cap Rate 9%
$104,100
$104.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$11.7K $9.72/SF
− Vacancy
−$642 −$0.53/SF
EGI
$11.0K $9.19/SF
− OpEx
−$1.7K −$1.38/SF
NOI
$9.4K $7.81/SF
Area
Tazewell County, IL
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,380
Cap Rate 7%
$133,843
Cap Rate 9%
$104,100
Alternative Uses
Best Use
Warehouse
$133.8K
$117.1K – $156.2K
NOI $9,369 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.6K
$410.9K – $547.9K
NOI $32,871 @ 7.0% cap · market cap 29.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61611, IL
23,837
Population
11,207
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
41.0 sq mi
ZIP Area
581
Density / Sq Mi
$76,329
Median Household Income
$44,586
Median Earnings
$942
Median Rent
$162,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Cedar Street Mini Storage — 200 Commercial Dr, East Peoria, IL 61611
Frequently Asked Questions
What type of property is this?
Warehouse - M3-zoned warehouse with enclosed outdoor storage, paved access, and two overhead loading doors.
Where is this warehouse located?
The property is located at 107 Sanford St East Peoria, IL.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: 1,200 SF garage measuring 30’x40’; Outdoor fenced yard on a 0.24‑acre double lot; One 8’ overhead door and one 10’ overhead door; both are 9’ wide
