Single-User Industrial
For Sale
Contact for pricing
Pending
4616 Enterprise Drive, Bartonville, IL 61607
Single-user industrial facility with enclosed warehouse/office, covered dock staging, and four dock doors on a fenced yard lot.
Property Size24,400 SF
Lot Size5.15 Acres
Days on Market112
Property Features for 4616 Enterprise Drive
General Information
Standard status
Pending
Size
24,400 SF
Lot size
5.15 Acres
Property subtype
Industrial
Zoning
I-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Dock-High Doors
4
Drive-In Doors
2
Building Details
Tenancy
Single
Listing Agency:
Main Place Real Estate
Listed By:
Zane Peterson · License #471020044
(217) 454-8800
Source:
Crexi
Added: May 18
Changed: Aug 31
Last Checked: Aug 29 at 8:36AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$168,800
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,376,000
$3.4M
Cap Rate 7%
$2,411,429
$2.4M
Cap Rate 9%
$1,875,556
$1.9M
Market Conditions
NOI Build-Up for 24,400 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $168,800 @ 7.0% cap · market cap 8.66%
Second Best
Industrial
$1.78M
$1.56M – $2.08M
NOI $124,564 @ 7.0% cap · market cap 6.39%
Theoretical Best
Multifamily LT 5
$21.34M
$18.68M – $24.90M
NOI $1,494,142 @ 7.0% cap · market cap 76.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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- Garrison Properties Inc. — 7402 S Adams St, Bartonville, IL 61607
- Garrison Properties Mini Storage — 7402 S Adams St, Bartonville, IL 61607
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
