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    401 Jefferson Ave Peoria, IL 61603

    For Lease
    $10 SF/Yr

    Prime Peoria Office, 3400 sq ft

    Lot size:
    3,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 3,400 square foot traditional office space, known as the Carriage House, presents a unique opportunity for single-tenant occupancy. Located at 401 NE Jefferson Ave in Peoria, Illinois, zip code 61603, this property is part of the prestigious Judge Jacob Gale complex. The building offers a classic, traditional office layout, ideal for a variety of businesses seeking a professional and established presence. The single-tenant occupancy ensures privacy and control over the entire space. The property's convenient location in Peoria provides easy access to major transportation routes and amenities. With its substantial square footage, the Carriage House offers ample room for expansion and customization to meet specific business needs. This is a rare opportunity to secure a well-established, high-quality office space in a desirable location. The property is ready for immediate occupancy, allowing businesses to quickly establish their operations. Interested parties are encouraged to inquire further to explore the possibilities this exceptional office space offers. The property's coordinates are 40.6955329 latitude and -89.5867636 longitude.

    Property Features for 401 Jefferson Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,400 SF

    Unit(s) available at that property

    Space
    Size
    3,400 SF
    Rate per SF
    $10
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Greater Peoria Manufacturing ... Manufacturer Greater Peoria Economic ... Non-Profit Organization

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5867636
    Latitude
    40.6955329

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Peoria Office, 3400 sq ft
    Where is this office property / space located?
    The property is located at 401 Jefferson Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    Request Owner's contact information
    401 Jefferson Ave Peoria, IL 61603
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    Peoria, IL 61603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Jefferson Ave Peoria, IL 61603
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