Automotive Sales and Service
1613 W Pioneer Parkway Peoria Peoria, IL 61615
1613 W Pioneer Parkway Peoria, Peoria, IL, 61615
$1,699,000
For Sale
$1,699,000
Car dealership sales and service center with multiple office areas and a 7-bay service shop with 10' overhead doors.
Property Size6,800 SF
Price / SF$249.85
Days on Market13
Property Features for 1613 W Pioneer Parkway Peoria
General Information
- Standard status
- Active
- Size
- 6,800 SF
Listing agency
RE/MAX Traders Unlimited
(309) 722-1612
Listed by
Justin Ball · License #475175281
(309) 722-1612
Source
Realestatepeoria
Added: Jul 10 Updated: Jul 22 at 4:19AM Checked: Jul 22 at 4:19AM
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 RE/MAX Traders Unlimited
Investment Insights
Based on property information with market context.
This car dealership sales and service center includes a sales area with 5 private offices, 5 semi-private offices, a foyer and lobby with a coffee bar, an open work area suitable for 4 cubicles, 2 ADA-compliant restrooms, and storage. The service area features 7 bays, each with 10' x 10' overhead doors and floor drains, plus a shop restroom, electric room, and utility room. The service center also has a separate entrance, a lobby with an ADA-compliant restroom, and a service office.
The property is located on Pioneer Parkway with access to North Peoria, Dunlap, Route 6, and I-74, and it sits among other Peoria car dealerships and auto-related businesses. Well-lit parking lots surround the building and provide 85+ spaces.
Positioned in the Peoria Urban Enterprise Zone Amendment #8, the facility is set up for both customer-facing sales and operational service work within the same building.
The property is located on Pioneer Parkway with access to North Peoria, Dunlap, Route 6, and I-74, and it sits among other Peoria car dealerships and auto-related businesses. Well-lit parking lots surround the building and provide 85+ spaces.
Positioned in the Peoria Urban Enterprise Zone Amendment #8, the facility is set up for both customer-facing sales and operational service work within the same building.
Key Highlights
- Car dealership sales and service center with 7 service bays and 10’x10’ overhead doors
- Service bays include floor drains; separate service entrance, lobby with ADA‑compliant restroom, and service office
- Sales center features 5 private offices, 5 semi‑private offices, lobby with coffee bar, and open work area for 4 cubicles
Local Financial Insights For Retail
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 | $122.4k | $18.00 |
| − Vacancy | −$6.1k | −$0.90 |
| EGI | $116.3k | $17.10 |
| − OpEx | −$34.9k | −$5.13 |
| NOI | $81.4k | $11.97 |
6,800 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,396 @ 7.0% cap · market cap 4.79%
Second Best
Industrial
$584.5K
$511.4K – $681.9K
NOI $40,912 @ 7.0% cap · market cap 2.41%
Theoretical Best
Multifamily LT 5
$5.95M
$5.21M – $6.94M
NOI $416,400 @ 7.0% cap · market cap 24.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Jaguar Land Rover Peoria Service and Parts — 7300 N Allen Rd, Peoria, IL 61614
- Holts roadside service — 7107 N Miramar Dr apt 3, Peoria, IL 61614
- Peoria Toyota Parts & Service — 7401 N Allen Rd, Peoria, IL 61614
- Lexus of Peoria Parts & Service — 7301 N Allen Rd, Peoria, IL 61614
- Uftring Nissan Service — 7400 N Allen Rd, Peoria, IL 61614
FAQs
What type of property is this?
Auto shop - Car dealership sales and service center with multiple office areas and a 7-bay service shop with 10' overhead doors.
Where is this auto shop located?
The property is located at 1613 W Pioneer Parkway Peoria Peoria, IL.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Car dealership sales and service center with 7 service bays and 10’x10’ overhead doors; Service bays include floor drains; separate service entrance, lobby with ADA‑compliant restroom, and service office; Sales center features 5 private offices, 5 semi‑private offices, lobby with coffee bar, and open work area for 4 cubicles
