5807 & 5805 Adams St, Bartonville, IL 61607

Listing Agency: Professional Leasing & Real Es

Listed By: Tamara Kijanowski Show Phone

Source: Searchillinoishomesforsale

Added: Jan 30 Changed: Nov 7 Last Checked: Nov 8 at 7:21AM

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Investment Insights

Based on property information with market context.

This mixed-use property comprises 2 separate buildings across 3 parcels at 5807 and 5805 Adams St. The building at 5807 Adams St includes commercial space on the main level and two 1-bedroom apartments above. The commercial space is leased through 12/31/2027.

The second building, located at 5805 Adams St, contains two 2-bedroom, 1-bath apartments along with garage parking. The property has a total size of 2,000 square feet and combines commercial occupancy with four residential units in a two-building configuration.

Key Highlights

• 2 separate buildings on 3 parcels
• Commercial space leased through 12/31/2027
• Two 1‑bedroom apartments at 5807 Adams St

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,700

Cap Rate

7.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$414,000 $414.0K

Cap Rate 7%

$295,714 $295.7K

Cap Rate 9%

$230,000 $230.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

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 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 (±1% cap)

NOI $107,881 @ 7.0% cap · market cap 38.54%

Second Best

Mixed Use

$295.7K

$258.8K – $345.0K (±1% cap)

NOI $20,700 @ 7.0% cap · market cap 7.40%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Electrical Service Plumbing Service Dental Office (Bike/Boat/Book/etc) Store HVAC Service

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

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two buildings combine street-level commercial space with four residential apartments and garage parking.

Where is this mixed-use property located?

The property is located at 5807 & 5805 Adams St 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: 2 separate buildings on 3 parcels; Commercial space leased through 12/31/2027; Two 1‑bedroom apartments at 5807 Adams St