Pekin Medical Office
3400 Griffin Ave, Pekin, IL 61554
Well-located medical office building with long-term lease in place.
Type:Office
Property size:
12,000 SFPrice / SF:
$302/SF- Added:
- Jan 28, 2026
- Days on Market:
- 150
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 3400 Griffin Ave
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2013
Listing office Hurwitz Enterprises
Listing date Jan 28, 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 Hurwitz Enterprises
HighLights
- Brand‑new 15‑year Springfield Clinic lease provides stable, long‑term income.
- Well‑located medical office investment property in Pekin, Illinois.
- Functional layout configured for medical use with exam rooms, offices, reception/waiting areas, and clinical space.
- Strong visibility, convenient access, and on‑site parking.
- Located within the Peoria MSA, benefiting from stable healthcare demand.
- Built in 2013.
Overview
The property at 3400 Griffin Avenue is a medical office investment located in Pekin, Illinois. It offers strong visibility, convenient access, and on-site parking. The building is configured for medical use and features a functional layout with exam rooms, offices, reception and waiting areas, and supporting clinical space. It is suitable for a variety of outpatient medical or specialty practices. Located within the Peoria MSA, the property benefits from stable healthcare demand and a long-term 15-year Springfield Clinic lease. The property size is 12000 square feet.
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 | $396.0k | $33.00 |
| − Vacancy | −$101.0k | −$8.42 |
| EGI | $295.0k | $24.59 |
| − OpEx | −$73.8k | −$6.15 |
| NOI | $221.3k | $18.44 |
12,000 SF · lease $33.00/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.16M
$2.77M – $3.69M
NOI $221,265 @ 7.0% cap · market cap 6.10%
Second Best
Healthcare Medical
$1.84M
$1.61M – $2.15M
NOI $129,138 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,706 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Kristin Ross, PT: ...
Physician
ICPR Family Practice
Medical Clinic
Tonya Dennison, FNP: ...
Pediatrician
Volkan Sumer, DO: ...
Medical Clinic
Shauna Bivens, FNP-BC: ...
Physician
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Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.6013636
- Latitude
- 40.548522
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Well-located medical office building with long-term lease in place.
Where is this medical office space located?
The property is located at 3400 Griffin Ave Pekin, IL.
What is the asking price?
The asking price for this property is $3,630,000.
What are key features of this property?
This property features: Brand‑new 15‑year Springfield Clinic lease provides stable, long‑term income.; Well‑located medical office investment property in Pekin, Illinois.; Functional layout configured for medical use with exam rooms, offices, reception/waiting areas, and clinical space.
