Vehicle-Related Commercial
518 W MAIN Street Peoria, IL 61606
518 W MAIN Street, Peoria, IL, 61606
Contact for pricing
For Sale
Contact for pricing
Vehicle-related commercial lot with a small brick-and-aluminum office building and flat roof.
Property Size732 SF
Lot Size0.23 Acres
Price / SF$81.97
Days on Market15
Property Features for 518 W MAIN Street
General Information
- Standard status
- Active
- Size
- 732 SF
- Lot size
- 0.23 Acres
- Property subtype
- Land, Special Purpose
Building Details
- Year Built
- 1980
Listing Agency
RE/MAX Traders Unlimited
Listed by
Michael Kolbus · License #475.213462
Source
Crexi
Added: Jul 6 Checked: Jul 19 at 2:15 am
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 RE/MAX Traders Unlimited
Investment Insights
Based on property information with market context.
This vehicle-related commercial lot includes a small office building constructed with brick and aluminum wall materials and a flat roof. The property is suited for commercial activity supported by its existing office improvements and outdoor lot configuration.
The site is located at 518 W Main Street in Peoria, IL and is zoned WM Form District, which allows for a variety of commercial uses. For details on allowable uses and site specifics, contact the exclusive brokers listed for this offering.
The site is located at 518 W Main Street in Peoria, IL and is zoned WM Form District, which allows for a variety of commercial uses. For details on allowable uses and site specifics, contact the exclusive brokers listed for this offering.
Key Highlights
- Vehicle‑related commercial lot with a small office building at 518 W Main Street, Peoria, IL
- Lot size is 0.23 acres
- Office building features brick and aluminum wall construction with a flat roof
Local Financial Insights For Industrial
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 | $6.6k | $9.00 |
| − Vacancy | −$296 | −$0.41 |
| EGI | $6.3k | $8.59 |
| − OpEx | −$1.9k | −$2.58 |
| NOI | $4.4k | $6.02 |
732 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$135.1K
$118.2K – $157.6K
NOI $9,454 @ 7.0% cap · market cap 15.76%
Second Best
Retail
$125.2K
$109.5K – $146.0K
NOI $8,762 @ 7.0% cap · market cap 14.60%
Theoretical Best
Multifamily LT 5
$640.3K
$560.3K – $747.1K
NOI $44,824 @ 7.0% cap · market cap 74.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Benedict Auto Sales
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Vehicle-related commercial lot with a small brick-and-aluminum office building and flat roof.
Where is this office units located?
The property is located at 518 W MAIN Street Peoria, IL.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: Vehicle‑related commercial lot with a small office building at 518 W Main Street, Peoria, IL; Lot size is 0.23 acres; Office building features brick and aluminum wall construction with a flat roof
