Building Details

Tenancy Single

Listing Agency: Main Place Real Estate

Listed By: Zane Peterson · License #471020044 Show Phone

Source: Crexi

Added: May 18 Changed: Oct 9 Last Checked: Oct 20 at 8:23PM

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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 Main Place Real Estate

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Investment Insights

Based on property information with market context.

This single-user industrial facility includes approximately 24,400 square feet of enclosed warehouse and office space, along with an additional 16,000 square feet of covered open dock staging area, for a total covered building area of approximately 40,000 square feet. The property is situated on a 5.15-acre double-parcel lot and features concrete parking, a fenced yard area, and functional loading infrastructure with four dock doors and two drive-in overhead doors for shipping, receiving, and material handling. The office buildout includes multiple perimeter executive offices, a conference room, open bullpen/work area, and a breakroom.

The property is located in the Bartonville Industrial Park within the Peoria MSA and is positioned about 2 miles from Interstate I-474, supporting regional connectivity across Central Illinois.

With a mix of enclosed warehouse space, covered staging, and yard area, the facility is configured to support a range of industrial operations, including distribution and warehousing, contractor services, light manufacturing, fleet use, or other service-related industrial needs in the Greater Peoria market.

Key Highlights

• Single‑user industrial facility in the Bartonville Industrial Park (Peoria MSA) on a 5.15‑acre double‑parcel lot
• About 24,400 SF enclosed warehouse and office space plus about 16,000 SF covered open dock staging (approx. 40,000 SF total covered area)
• Loading and access include 4 dock doors and 2 drive‑in overhead doors for truck shipping, receiving, and material handling

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$168,800

Cap Rate

8.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,376,000 $3.4M

Cap Rate 7%

$2,411,429 $2.4M

Cap Rate 9%

$1,875,556 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 24,400 SF

Gross rent

$210.8K $8.64/SF

− Vacancy

−$12.2K −$0.50/SF

EGI

$198.6K $8.14/SF

− OpEx

−$29.8K −$1.22/SF

NOI

$168.8K $6.92/SF

Area

Peoria County, IL

Vacancy

5.80%

Lease Rate

$8.64 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,376,000

Cap Rate 7%

$2,411,429

Cap Rate 9%

$1,875,556

Alternative Uses

Best Use

Warehouse

$2.41M

$2.11M – $2.81M (±1% cap)

NOI $168,800 @ 7.0% cap · market cap 8.66%

Second Best

Industrial

$1.78M

$1.56M – $2.08M (±1% cap)

NOI $124,564 @ 7.0% cap · market cap 6.39%

Theoretical Best

Multifamily LT 5

$21.34M

$18.68M – $24.90M (±1% cap)

NOI $1,494,142 @ 7.0% cap · market cap 76.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Dental Office Auto Parts Store Law Firm Real Estate Agency Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Dock-high doors

2

Drive-in doors

Single-tenant

Tenancy

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

146

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 61607, IL

10,353

Population

4,887

Households

2.1

Avg Household Size

45

Median Age

25%

College-Educated

96%

High-School Grad

33.6 sq mi

ZIP Area

308

Density / Sq Mi

$75,845

Median Household Income

$51,691

Median Earnings

$1,014

Median Rent

$155,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Single-user industrial facility with enclosed warehouse/office, covered dock staging, and four dock doors on a fenced yard lot.

Where is this warehouse located?

The property is located at 4616 Enterprise Drive Bartonville, IL.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: Single‑user industrial facility in the Bartonville Industrial Park (Peoria MSA) on a 5.15‑acre double‑parcel lot; About 24,400 SF enclosed warehouse and office space plus about 16,000 SF covered open dock staging (approx. 40,000 SF total covered area); Loading and access include 4 dock doors and 2 drive‑in overhead doors for truck shipping, receiving, and material handling