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    2124 Altorfer Dr Peoria, IL 61615

    For Lease
    $5 SF/Yr ($11,348 /Mo)

    Versatile Peoria warehouse/flex space for lease.

    Lot size:
    27,236 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional industrial property, located at 2124 W Altorfer Drive in Peoria, Illinois, 61615, offers a prime opportunity for businesses seeking flexible warehouse or flex space. The property encompasses a total of 27,236 square feet and is currently available in multiple spaces, with a minimum divisible unit of 4,200 square feet and a maximum of 11,460 square feet. The building features two convenient drive-in doors for easy loading and unloading. This location boasts excellent accessibility, situated in a bustling industrial area of North Peoria. Nearby businesses include Waggin Tails Resort, L&T Technology, Maui Jim Sunglasses, and several vehicle dealerships, providing a strong commercial presence. The property's strategic location offers easy access to major transportation routes, being less than a mile from Route 6 and I-474. Furthermore, it enjoys proximity to a Walmart Supercenter, Menards, and numerous retail establishments, providing employees and customers with convenient amenities. This property is ideal for a variety of businesses seeking a well-located, functional, and versatile space in a thriving commercial area. Contact us today to learn more about leasing opportunities and explore how this space can meet your business needs.

    Property Features for 2124 Altorfer Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    27,236 SF
    Total Rate
    11348.33

    Unit(s) available at that property

    Space
    Unit 1
    Size
    11,460 SF
    Rate per SF
    $5
    Space
    Unit 5
    Size
    4,500 SF
    Rate per SF
    $5

    HighLights

    • 11,460 SF warehouse unit with small office and overhead door.
    • 4,200 SF warehouse unit with overhead door.
    • Direct parking lot access.
    • Larger space divisible into smaller units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouse bath Warehouse VStreet, Inc. Wholesaler

    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
    -89.6270841
    Latitude
    40.7860563

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    FAQs

    What type of property is this?
    Distribution property - Versatile Peoria warehouse/flex space for lease.
    Where is this distribution property located?
    The property is located at 2124 Altorfer Dr Peoria, IL.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 11,460 SF warehouse unit with small office and overhead door.; 4,200 SF warehouse unit with overhead door.; Direct parking lot access.
    Request Owner's contact information
    2124 Altorfer Dr 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
    2124 Altorfer Dr Peoria, IL 61615
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