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    Single Tenant Industrial Investment Title is generated by Realmo AI

    1610 W Altorfer Dr, Peoria, IL 61615

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    Industrial property for sale with single tenant.

    Type:Industrial
    Property size:
    38,616 SF
    Price / SF:
    $68/SF
    Added:
    Mar 13, 2026
    Days on Market:
    116
    Last Refresh:
    Mar 19 at 11:16 pm

    Property Features for 1610 W Altorfer Dr

    General Information

    Standard status
    Active
    Size
    38,616 SF
    Property subtype
    Industrial

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    Daniel Maloof
    Daniel Maloof

    Listing office Maloof Commercial Real Estate

    Listing date Mar 13, 2026

    Source Crexi

    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 Real Estate

    HighLights

    • Single tenant occupancy
    • Industrial investment opportunity
    • Property details available upon request

    Overview

    This is an industrial property available for sale. The property encompasses a total area of 38616 square feet. It is currently occupied by a single tenant, presenting an investment opportunity.

    Local Financial Insights For Industrial

    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 $347.5k $9.00
    − Vacancy −$15.6k −$0.41
    EGI $331.9k $8.59
    − OpEx −$99.6k −$2.58
    NOI $232.3k $6.02
    38,616 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $3.32M
    $2.90M – $3.87M (±1% cap)
    NOI $232,333 @ 7.0% cap · market cap 8.81%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $33.78M
    $29.56M – $39.41M (±1% cap)
    NOI $2,364,663 @ 7.0% cap · market cap 89.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    WCR Incorporated Big Box & Wholesale Store

    Suggested Use

    Garden Center Hotel & Motel (Bike/Boat/Book/etc) Store Wine and Liquor Store Travel Agency Clothing & Fashion Store Pet Store & Service Mobile Phone Store Restaurant Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6177275
    Latitude
    40.7850835

    FAQs

    What type of property is this?
    Industrial property - Industrial property for sale with single tenant.
    Where is this industrial property located?
    The property is located at 1610 W Altorfer Dr Peoria, IL.
    What is the asking price?
    The asking price for this property is $2,637,914.
    What are key features of this property?
    This property features: Single tenant occupancy; Industrial investment opportunity; Property details available upon request
    (309) 693-3000 Call to check price and availability
    More about this property
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