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    420 Main St East Peoria, IL 61611

    For Lease
    $22 SF/Yr

    Prime East Peoria Office: 4,580 sq ft available

    Lot size:
    26,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional East Peoria office building offers a premier location with high visibility and convenient access from I-74, serving both Peoria and Tazewell Counties. The entire 4th floor, totaling 4,580 square feet, is available for lease. Alternatively, this space can be subdivided into two smaller units: a 2,033 square foot space and a 2,407 square foot space, offering flexibility to suit various business needs. The existing layout includes a well-appointed reception area, seven private offices ideal for executive suites, two functional conference rooms, a spacious open area perfect for cubicles or collaborative work, and a dedicated storage room. The building itself boasts a total of 26,850 square feet and is zoned B-1, ensuring a wide range of permitted uses. This is a single-building property with a single suite currently available, presenting a unique opportunity for a business seeking a prominent and well-equipped office space in a thriving location. The address is 420 N MAIN Street, and the Assessor's Parcel Number (APN) is 01-01-33-104-004. This space is perfect for businesses seeking a high-profile location with easy access for employees and clients.

    Property Features for 420 Main St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,850 SF
    Total Rate
    49225

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    4th Floor Full
    Size
    4,580 SF
    Rate per SF
    $22

    HighLights

    • Prime East Peoria office building with excellent I‑74 visibility and access.
    • 26,850 SF building with one suite available.
    • 4,580 SF of vacant space available for lease, divisible into two smaller units (2,033 SF and 2,407 SF).
    • Features executive offices, seven private offices, two conference rooms, reception area, large open workspace, and storage room.
    • B‑1 zoning; APN 01‑01‑33‑104‑004.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    East Peoria
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.574682847008
    Latitude
    40.668423642709

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    FAQs

    What type of property is this?
    Office space - Prime East Peoria Office: 4,580 sq ft available
    Where is this office space located?
    The property is located at 420 Main St East Peoria, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Prime East Peoria office building with excellent I-74 visibility and access.; 26,850 SF building with one suite available.; 4,580 SF of vacant space available for lease, divisible into two smaller units (2,033 SF and 2,407 SF).
    Request Owner's contact information
    420 Main St East Peoria, IL 61611
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    East Peoria, IL 61611
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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
    420 Main St East Peoria, IL 61611
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