For Sale
$1,300,000
2210 Ne Jefferson Ave, Peoria, IL 61603
Retail properties & Spaces
Property Size4,712 SF
Price / SF$275.89
Days on Market210
Property Features for 2210 Ne Jefferson Ave
General Information
Standard status
Active
Size
4,712 SF
Property subtype
Commercial
Listing Agency:
Keller Williams Premier Realty
Listed By:
Bryson Smith (Listings@brysonsmithteam.com)
(217) 641-2995
Source:
Searchillinoishomesforsale
Added: Mar 26
Changed: Oct 1
Last Checked: Oct 20 at 9:36PM
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 Keller Williams Premier Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- High traffic location with entrance/exit on both Rt 24 and Rt 29.
- Two separate buildings included: 3360 sq ft corner building and 1352 sq ft former restaurant building.
- Ample parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,431
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,208,620
$1.2M
Cap Rate 7%
$863,300
$863.3K
Cap Rate 9%
$671,456
$671.5K
Market Conditions
NOI Build-Up for 4,712 SF
Gross rent
$84.8K $18.00/SF
− Vacancy
−$4.2K −$0.90/SF
EGI
$80.6K $17.10/SF
− OpEx
−$20.1K −$4.27/SF
NOI
$60.4K $12.83/SF
Area
Peoria, IL
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,208,620
Cap Rate 7%
$863,300
Cap Rate 9%
$671,456
Alternative Uses
Best Use
Specialty Retail
$863.3K
$755.4K – $1.01M
NOI $60,431 @ 7.0% cap · market cap 4.65%
Second Best
Retail
$805.8K
$705.0K – $940.1K
NOI $56,403 @ 7.0% cap · market cap 4.34%
Theoretical Best
Multifamily LT 5
$4.12M
$3.61M – $4.81M
NOI $288,541 @ 7.0% cap · market cap 22.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
10,373 visits/mo
0.4 miles
Demographics for 61603, IL
15,503
Population
8,291
Households
1.9
Avg Household Size
33
Median Age
15%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
3,691
Density / Sq Mi
$40,405
Median Household Income
$29,084
Median Earnings
$976
Median Rent
$73,100
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 Retail in Midwest region
Frequently Asked Questions
Where is this retail property located?
The property is located at 2210 Ne Jefferson Ave Peoria, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High traffic location with entrance/exit on both Rt 24 and Rt 29.; Two separate buildings included: **3360 sq ft corner building** and 1352 sq ft former restaurant building.; Ample parking.
