2210 NE JEFFERSON Avenue Peoria, IL 61603
2210 NE JEFFERSON Avenue, Peoria, IL, 61603
Contact for pricing
For Sale
Contact for pricing
Retail properties & Spaces
Property Size4,712 SF
Price / SF$168.72
Days on Market755
Property Features for 2210 NE JEFFERSON Avenue
General Information
- Standard status
- Active
- Size
- 4,712 SF
- Property subtype
- Industrial, Retail
Listing agency
Keller Williams Premier Realty East Peoria
(309) 339-2801
Listed by
Rebecca Gaetz · License #IL
Source
Crexi
Added: Jun 27, 2024 Updated: Jul 6 at 8:39AM Checked: Jul 21 at 3:12AM
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 Keller Williams Premier Realty East Peoria
Investment Insights
Based on property information with market context.
Key Highlights
- High traffic location with entrance/exit on both Rt 24 and Rt 29.
- Two separate buildings included: 3360 sq ft corner building and 1352 sq ft former restaurant building.
- Ample parking.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.8k | $18.00 |
| − Vacancy | −$4.2k | −$0.90 |
| EGI | $80.6k | $17.10 |
| − OpEx | −$20.1k | −$4.27 |
| NOI | $60.4k | $12.83 |
4,712 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$863.3K
$755.4K – $1.01M
NOI $60,431 @ 7.0% cap · market cap 7.60%
Second Best
Retail
$805.8K
$705.0K – $940.1K
NOI $56,403 @ 7.0% cap · market cap 7.09%
Theoretical Best
Multifamily LT 5
$4.12M
$3.61M – $4.81M
NOI $288,541 @ 7.0% cap · market cap 36.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
Where is this retail property located?
The property is located at 2210 NE JEFFERSON Avenue Peoria, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: High traffic location with entrance/exit on both Rt 24 and Rt 29.; Two separate buildings included: **3360 sq ft corner building** and 1352 sq ft former restaurant building.; Ample parking.
