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    7800 Sommer St Peoria, IL 61615

    Sponsored
    For Lease
    $8 SF/Yr ($16,666 /Mo)

    North Peoria Retail & Office Suites

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Parkway Plaza, located at 7800 N Sommer St in Peoria County, offers exceptional coworking and retail opportunities. This Class B property, built in 1999, boasts a total of 25,000 square feet on a 7.16-acre lot, zoned C-2. Currently, five individual units are available for lease, ranging in size from 1,200 to 1,763 square feet. The spaces are in excellent condition, with several move-in ready, providing immediate occupancy for businesses. The property features a convenient storefront design, ideal for maximizing visibility and foot traffic. Ample parking is available both in the front and rear of the building, ensuring convenient access for tenants and their clients. The strategic location offers direct access to the Rock Island Trail, providing a pleasant amenity for employees and visitors. Competitive rental rates are available, making this an attractive investment for businesses seeking a prime location in North Peoria. The property's multiple tenancy structure allows for flexibility and diverse occupancy. This retail and office space presents a unique opportunity to establish a thriving business in a well-maintained and conveniently located building.

    Property Features for 7800 Sommer St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF
    Class
    B
    Total Rate
    16666.67

    Building Details

    Year Built
    1999

    Unit(s) available at that property

    Space
    Suite 101
    Size
    1,200 SF
    Rate per SF
    $12
    Space
    Suite 201
    Size
    1,320 SF
    Rate per SF
    $12
    Space
    Suite 414
    Size
    1,563 SF
    Rate per SF
    $8
    Space
    Suite 422
    Size
    1,763 SF
    Rate per SF
    $8
    Space
    Suite 507
    Size
    1,250 SF
    Rate per SF
    $12

    HighLights

    • Retail and office space totaling 25,000 square feet available in Peoria County.
    • Five coworking/storefront spaces available, ranging from 1,200 to 1,763 square feet.
    • Located in Parkway Plaza, North Peoria, with ample front and rear parking.
    • Building is Class B, 25,000 square feet, built in 1999, on a 7.16‑acre lot, zoned C‑2.
    • Multiple tenancies available; several units are move‑in ready.
    • Features direct access to the Rock Island Trail.
    Property Profile Location Intelligence

    Current Use by Public Records

    OSF Rehabilitation Medical Center Benjamin Deig Chiropractor Code Ninjas Learning Center Eagle Rock Insurance ... Life Insurance Agency Power Zone Personal Trainer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.613304764239
    Latitude
    40.782179153072

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    FAQs

    What type of property is this?
    Individual retail property - North Peoria Retail & Office Suites
    Where is this individual retail property located?
    The property is located at 7800 Sommer St Peoria, IL.
    What is the lease rate?
    The lease rate is $8-$12 SF/Yr.
    What are key features of this property?
    This property features: Retail and office space totaling 25,000 square feet available in Peoria County.; Five coworking/storefront spaces available, ranging from 1,200 to 1,763 square feet.; Located in Parkway Plaza, North Peoria, with ample front and rear parking.
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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
    7800 Sommer St Peoria, IL 61615
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