Mixed-Use Flex Warehouse
For Sale
$995,000
8630 N Allen Rd, Peoria, IL 61615
Value-add flex building combining office, retail, and warehouse space with an established tenant in place through 1/31/28.
Property Size12,129 SF
Days on Market103
Property Features for 8630 N Allen Rd
General Information
Standard status
Active
Size
12,129 SF
Class
B
Property subtype
Office
Occupancy
62%
Additional Details
Highway Access
Yes
Building Details
Building Size
12,129 SF
Listing Agency:
Maloof Commercial
Listed By:
Madison Maloof · License #IL #475.180439
(415) 942-4234
Source:
Maloofcom
Added: Jun 25
Changed: Sep 30
Last Checked: Oct 4 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 Maloof Commercial
Investment Insights
Based on property information with market context.
This value-add flex property features a combination of office, retail, and warehouse space within one building. An established tenant is occupying approximately 60% of the property, and the asset is noted as 62% leased with occupancy scheduled through 1/31/28.
The property is positioned for practical day-to-day use, with quick access to the interstate and being located near shopping and office complexes. This mix of nearby activity can support visibility and customer access for retail components, while the warehouse portion supports light distribution and flexible operational needs.
For buyers, the current leased occupancy provides immediate income while leaving additional space available for future leasing within the same mixed-use framework. For operators and tenants, the building’s flexible blend of office/retail/warehouse configuration can accommodate businesses that benefit from both customer-facing space and functional back-of-house storage or work areas.
The property is positioned for practical day-to-day use, with quick access to the interstate and being located near shopping and office complexes. This mix of nearby activity can support visibility and customer access for retail components, while the warehouse portion supports light distribution and flexible operational needs.
For buyers, the current leased occupancy provides immediate income while leaving additional space available for future leasing within the same mixed-use framework. For operators and tenants, the building’s flexible blend of office/retail/warehouse configuration can accommodate businesses that benefit from both customer-facing space and functional back-of-house storage or work areas.
Key Highlights
- Value‑add flex building with a mix of office, retail, and warehouse space
- Property is 62% leased with an established tenant in place
- Tenant lease extends through 1/31/28
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,611
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,772,220
$1.8M
Cap Rate 7%
$1,265,871
$1.3M
Cap Rate 9%
$984,567
$984.6K
Market Conditions
NOI Build-Up for 12,129 SF
Gross rent
$109.2K $9.00/SF
− Vacancy
−$4.9K −$0.41/SF
EGI
$104.2K $8.59/SF
− OpEx
−$15.6K −$1.29/SF
NOI
$88.6K $7.31/SF
Area
Peoria, IL
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,772,220
Cap Rate 7%
$1,265,871
Cap Rate 9%
$984,567
Alternative Uses
Best Use
Office B
$2.24M
$1.96M – $2.61M
NOI $156,646 @ 7.0% cap · market cap 15.74%
Second Best
Flex RnD
$1.55M
$1.36M – $1.81M
NOI $108,797 @ 7.0% cap · market cap 10.93%
Theoretical Best
Multifamily LT 5
$10.61M
$9.28M – $12.38M
NOI $742,723 @ 7.0% cap · market cap 74.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
62%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61615, IL
24,314
Population
11,334
Households
2.1
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
29.6 sq mi
ZIP Area
821
Density / Sq Mi
$82,157
Median Household Income
$50,165
Median Earnings
$1,079
Median Rent
$206,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Value-add flex building combining office, retail, and warehouse space with an established tenant in place through 1/31/28.
Where is this flex space located?
The property is located at 8630 N Allen Rd Peoria, IL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Value‑add flex building with a mix of office, retail, and warehouse space; Property is 62% leased with an established tenant in place; Tenant lease extends through 1/31/28
