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    703 Jefferson Ave Peoria, IL 61603

    Sponsored
    For Lease
    $6 SF/Yr

    7,000 sq ft Flex Space, Single Tenant

    Lot size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property located at 703 NE Jefferson Avenue presents a unique investment opportunity. The 7,000 square foot site is zoned for commercial use (Comm), offering significant flexibility for a variety of businesses. The property's designation as both commercial and flex space allows for diverse operational configurations, catering to a wide range of potential tenants. Currently occupied by a single tenant, this presents a stable income stream for investors. The property's land classification provides ample space for expansion or redevelopment, depending on future business needs. The parcel number is 18-03-353-009, facilitating easy identification and verification of ownership and zoning details. This single-suite building offers a streamlined management approach, minimizing operational complexities. The property's location on Jefferson Avenue offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence. The versatile nature of this property, combined with its strategic location and existing tenancy, makes it an ideal investment for those seeking a strong return on investment with potential for future growth. This is a rare opportunity to acquire a well-situated commercial property with significant upside potential. Contact us today to learn more about this exceptional offering.

    Property Features for 703 Jefferson Ave

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,000 SF

    Unit(s) available at that property

    Space
    Size
    7,000 SF
    Rate per SF
    $6

    HighLights

    • 7,000 sq. ft. land parcel.
    • Single‑tenant occupancy.
    • Commercial zoning (Comm).
    • APN: 18‑03‑353‑009.
    • Property type: Land, Industrial, Office, Retail; Subtype: Commercial, Flex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm 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
    -89.5833113
    Latitude
    40.6978643

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    FAQs

    What type of property is this?
    Flex space - 7,000 sq ft Flex Space, Single Tenant
    Where is this flex space located?
    The property is located at 703 Jefferson Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 7,000 sq. ft. land parcel.; Single-tenant occupancy.; Commercial zoning (Comm).
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    703 Jefferson Ave 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
    703 Jefferson Ave Peoria, IL 61603
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