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    1014 Pioneer Pkwy Peoria, IL 61615

    Sponsored
    For Lease
    $5 SF/Yr ($8,400 /Mo)

    Versatile Office/Warehouse Space Available

    Lot size:
    20,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property at 1014 W Pioneer Parkway offers a unique blend of office and warehouse space, ideal for a variety of businesses. The 20,160 square foot building, constructed in 1957 and renovated in 1972, sits on a 1.71-acre lot and is classified as Class B. The property features multiple tenancy options, with spaces ranging from a minimum of 2,040 square feet to a maximum contiguous space of 9,530 square feet. Three spaces are currently available, offering flexibility for various business needs. The west side of the building boasts 5,200 square feet of space, easily adaptable into large offices or training rooms. A northeast corner unit provides 2,040 square feet, including a reception area, three private offices, an IT room, and a large open workspace. An optional 205-square-foot common break room is also available. The rear of the building offers up to 9,530 square feet of warehouse space, divisible down to 1,500 square feet, and includes two convenient loading docks. The property benefits from excellent visibility and accessibility from Pioneer Parkway, along with ample parking—110+ spaces are available in front and rear of the building. The property is zoned C-1 and is a two-story building.

    Property Features for 1014 Pioneer Pkwy

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,160 SF
    Class
    B
    Total Rate
    8400

    Building Details

    Year Built/Renovated
    1957/1972
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Unit 1
    Size
    2,040 SF
    Rate per SF
    $12
    Space
    Unit 2
    Size
    5,200 SF
    Rate per SF
    $10
    Space
    Warehouse Space
    Size
    9,530 SF
    Rate per SF
    $8

    HighLights

    • Office and industrial property totaling 20,160 square feet.
    • Multiple suites available, ranging from 2,040 to 9,530 contiguous square feet.
    • 1.71‑acre lot with 110+ parking spaces.
    • Class B building, constructed in 1957, renovated in 1972.
    • Features two loading docks and C‑1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -89.607676551119
    Latitude
    40.782720721718

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    FAQs

    What type of property is this?
    Office space - Versatile Office/Warehouse Space Available
    Where is this office space located?
    The property is located at 1014 Pioneer Pkwy 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: Office and industrial property totaling 20,160 square feet.; Multiple suites available, ranging from 2,040 to 9,530 contiguous square feet.; 1.71-acre lot with 110+ parking spaces.
    Request Owner's contact information
    1014 Pioneer Pkwy Peoria, IL 61615
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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
    1014 Pioneer Pkwy Peoria, IL 61615
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