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    Office Space on Knoxville Avenue Title is generated by Realmo AI

    7131 N Knoxville, Peoria, IL

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    Office spaces available for lease on Knoxville Avenue in Peoria.

    Type:OFFICE
    Property size:
    5,393 SF
    Lot size:
    2.63 Acres
    Price / SF:
    $231/SF
    Added:
    Sep 26, 2025
    Days on Market:
    243
    Last Refresh:
    May 19 at 9:54 pm

    Property Features for 7131 N Knoxville

    General Information

    Standard status
    Active
    Size
    5,393 SF
    Lot size
    2.63 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 7131 N Knoxville Contact us

    We can help!

    Listing Contact
    Will Hayes
    Will Hayes

    Listing agent Will Hayes License #475122056

    Listing office Joseph & Camper Commercial

    Listing date Sep 26, 2025

    Source Moodyscre

    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 Joseph & Camper Commercial

    HighLights

    • Flexible office space options available, ranging from 1,350 SF to 5,393 SF.
    • High‑traffic Knoxville Ave address with 25,600 CPD.
    • Abundant parking with 60+ spaces.
    • Larger space includes a reception area, private offices, conference room, workstations, lunch room, and restrooms.
    • Furniture available if needed.
    • Private covered deck offers additional outdoor area.

    Overview

    Office spaces ranging from 1,350 to 5,393 square feet are available for lease on Knoxville Avenue. One space of 1,350 square feet features a mostly open layout with a reception area at the front. The larger 5,393-square-foot space includes a reception/waiting area, 10 private offices, a conference room, 19 equipped workstations, a large lunch room, a file/copy room, and two restrooms. Furniture is available if needed. The location on Knoxville Avenue benefits from a traffic count of 25,600 CPD. Other tenants in the building include Central Illinois Orthodontics Associates and the MCOMM Group. The property offers abundant parking with over 60 spaces. A private covered deck on the north end provides additional outdoor area. The spaces are currently occupied, and showings require 24 hours' notice.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $773.9K
    NOI $69,651 @ 9.00% cap · cautious / downside scenario
    Moderate
    $995.0K
    NOI $69,651 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.39M
    NOI $69,651 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Office B

    Component $ $/SF
    Gross rent $113.3k $21.00
    − Vacancy −$20.4k −$3.78
    EGI $92.9k $17.22
    − OpEx −$23.2k −$4.31
    NOI $69.7k $12.92
    5,393 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $995.0K
    $870.6K – $1.16M (±1% cap)
    NOI $69,651 @ 7.0% cap · market cap 5.57%
    Second Best
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $4.72M
    $4.13M – $5.50M (±1% cap)
    NOI $330,242 @ 7.0% cap · market cap 26.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sinclair Craig A DDS Dental Office Central Illinois Orthodontics Dental Office The Hawk Insurance Agency Gallagher Insurance, Risk ... Insurance Agency Mcomm Group Advertising Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6038
    Latitude
    40.7741

    FAQs

    What type of property is this?
    Office units - Office spaces available for lease on Knoxville Avenue in Peoria.
    Where is this office units located?
    The property is located at 7131 N Knoxville Peoria, IL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Flexible office space options available, ranging from 1,350 SF to 5,393 SF.; High‑traffic Knoxville Ave address with 25,600 CPD.; Abundant parking with 60+ spaces.
    (309) 643-0717 Call to check price and availability
    More about this property
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