Mixed-Use Property with
For Sale
$279,900
5807 & 5805 Adams Street, Bartonville, IL 61607
Two buildings combine leased commercial space, apartments, and garage parking across three parcels.
Property Size2,000 SF
Price / SF$139.95
Days on Market200
Property Features for 5807 & 5805 Adams Street
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
5
Property subtype
Commercial
Zoning
C1, Multi
Units
Unit Mix
2 x 1BR, 2 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$51,600
Taxes and HOA fees
Annual Taxes
$7,303
Building Details
Building Size
2,000 SF
Buildings
2
Units
5
Listing Agency:
Professional Leasing & Real Es
(309) 231-0524
Listed By:
Tamara Kijanowski
(309) 231-0524
Source:
Shawneehillsrealestate
Added: Jan 30
Changed: Aug 13
Last Checked: Aug 17 at 11:06PM
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 Professional Leasing & Real Es
Investment Insights
Based on property information with market context.
This mixed-use property includes two separate buildings situated on three parcels. The building at 5807 Adams St. has commercial space on the main level, currently leased through 12/31/2027, along with two 1-bedroom units upstairs. The 5805 Adams St. building contains two 2-bedroom, 1-bath apartments and garage parking.
The property is identified as 2,000 square feet and carries C1, Multi zoning. Its address is 5807 & 5805 Adams Street in Bartonville, Illinois.
The property is identified as 2,000 square feet and carries C1, Multi zoning. Its address is 5807 & 5805 Adams Street in Bartonville, Illinois.
Key Highlights
- Two separate buildings across 3 parcels
- 2,000‑square‑foot mixed‑use property
- 5807 Adams St. commercial space leased through 12/31/2027
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
$20,700
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
7.40%
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%
$414,000
$414.0K
Cap Rate 7%
$295,714
$295.7K
Cap Rate 9%
$230,000
$230.0K
Market Conditions
NOI Build-Up for 2,000 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
$36.0K $18.00/SF
− Vacancy
−$2.9K −$1.44/SF
EGI
$33.1K $16.56/SF
− OpEx
−$12.4K −$6.21/SF
NOI
$20.7K $10.35/SF
Area
Peoria County, IL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$414,000
Cap Rate 7%
$295,714
Cap Rate 9%
$230,000
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $107,881 @ 7.0% cap · market cap 38.54%
Second Best
Mixed Use
$295.7K
$258.8K – $345.0K
NOI $20,700 @ 7.0% cap · market cap 7.40%
Theoretical Best
Multifamily LT 5
$1.75M
$1.53M – $2.04M
NOI $122,471 @ 7.0% cap · market cap 43.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine leased commercial space, apartments, and garage parking across three parcels.
Where is this mixed-use property located?
The property is located at 5807 & 5805 Adams Street Bartonville, IL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two separate buildings across 3 parcels; 2,000‑square‑foot mixed‑use property; 5807 Adams St. commercial space leased through 12/31/2027
