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Dock-High Warehouse with Office
For Sale
$1,200,000

1506 W Luthy Dr, Peoria, IL 61615

Heated warehouse includes an 8' dock and drive-in doors, plus a dedicated office area with conference and private offices.

Property Size18,748 SF
Days on Market171

Property Features for 1506 W Luthy Dr

General Information

Standard status Active
Size 18,748 SF
Property subtype Industrial

Building Details

Building Size 18,748 SF
Listing Agency: Maloof Commercial
Listed By: Dan Maloof · License #IL #475.122647
Source: Maloofcom
Added: Mar 28 Changed: Sep 14 Last Checked: Sep 14 at 9:54AM

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 Maloof Commercial

Investment Insights

Based on property information with market context.

This industrial property includes a heated warehouse and a dedicated office area. The warehouse totals 16,362 square feet and is served by an 8' dock and two drive-in doors. The office area totals 3,386 square feet and features two conference rooms, three private offices, and a breakroom.

The property is zoned I1 (Industrial/Business Park District) and is being offered for sale. Public remarks indicate the building is fully occupied.

The combination of dock and drive-in access with on-site office space supports warehouse and distribution activity with room for administration and meetings onsite.

Key Highlights

  • 18,748 SF industrial property in Peoria area, fully occupied
  • Zoned I1 (Industrial/Business Park Dist)
  • 16,362 SF heated warehouse with (1) 8' dock and (2) drive‑in doors

Property Analytics

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Current Use

BlackHawk Industrial - Peoria Distribution Center Sanders Tools & Supplies ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Florist Locksmith Carpet & Flooring Store Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

1,092
Businesses Nearby
Well-served
Demand for This Use

Demographics for 61615, IL

24,314
Population
11,334
Households
2.1
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
29.6 sq mi
ZIP Area
821
Density / Sq Mi
$82,157
Median Household Income
$50,165
Median Earnings
$1,079
Median Rent
$206,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - Heated warehouse includes an 8' dock and drive-in doors, plus a dedicated office area with conference and private offices.
Where is this warehouse located?
The property is located at 1506 W Luthy Dr Peoria, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 18,748 SF industrial property in Peoria area, fully occupied; Zoned I1 (Industrial/Business Park Dist); 16,362 SF heated warehouse with (1) 8' dock and (2) drive‑in doors
More about this property
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