2014-2016 N Knoxville Ave, Peoria, IL
6,119 SF strip center on 0.84 acres, renovated in 2016.
- Added:
- Aug 28, 2023
- Days on Market:
- 1023
- Last Refresh:
- May 20 at 9:53 pm
Property Features for 2014-2016 N Knoxville Ave
General Information
- Standard status
- Active
- Size
- 6,119 SF
- Lot size
- 0.84 Acres
- Property subtype
- OFFICE
Listing agent Dan Maloof
Listing office Maloof Commercial (309) 693-3000
Listing date Aug 28, 2023
Source Moodyscre
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
HighLights
- Excellent visibility and high traffic counts (26,011)
- 7.0% Cap Rate with $58,923 Projected NOI
- 3‑tenant strip center with existing tenants
- 6,119 sq. ft. 1‑story building on 0.84 acres
- Located near major medical facilities (OSF St. Francis, UnityPoint)
- Renovated in 2016
Overview
Local Financial Insights For Office B
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 | $128.5k | $21.00 |
| − Vacancy | −$23.1k | −$3.78 |
| EGI | $105.4k | $17.22 |
| − OpEx | −$26.3k | −$4.31 |
| NOI | $79.0k | $12.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.5933
- Latitude
- 40.7121
