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    Medical Office Building For Sale Title is generated by Realmo AI

    9118 N Lindbergh Dr, Peoria, IL

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    4,193 SF medical office building, fully occupied, Peoria, Illinois.

    Type:OFFICE
    Property size:
    4,193 SF
    Lot size:
    1.35 Acres
    Price / SF:
    $166/SF
    Added:
    May 13, 2020
    Days on Market:
    2246
    Last Refresh:
    May 20 at 9:45 pm

    Property Features for 9118 N Lindbergh Dr

    General Information

    Standard status
    Active
    Size
    4,193 SF
    Lot size
    1.35 Acres
    Property subtype
    OFFICE

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    Dan Maloof
    Dan Maloof

    Listing office Maloof Commercial

    Listing date May 13, 2020

    Source Moodyscre

    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 Maloof Commercial

    HighLights

    • Fully occupied 4,193 sf medical office space.
    • Leased through April 2025, providing immediate income.
    • Includes a 5‑year option to extend.
    • Features multiple exam rooms, reception area, and private offices.
    • Ample parking and covered entry for convenience.

    Overview

    This is a 4,193 square foot brick office building currently occupied by Phynet Dermatology. The property features multiple exam rooms, a reception area, private offices, ample parking, a covered entry, and a storage/maintenance room. The property is fully occupied and leased through April 2025, with one 5-year option to extend.

    Local Financial Insights For Healthcare Medical

    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 $100.6k $24.00
    − Vacancy −$10.1k −$2.40
    EGI $90.6k $21.60
    − OpEx −$36.2k −$8.64
    NOI $54.3k $12.96
    4,193 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $776.3K
    $679.3K – $905.7K (±1% cap)
    NOI $54,341 @ 7.0% cap · market cap 7.76%
    Second Best
    Office B
    $773.6K
    $676.9K – $902.6K (±1% cap)
    NOI $54,153 @ 7.0% cap · market cap 7.74%
    Theoretical Best
    Multifamily LT 5
    $3.67M
    $3.21M – $4.28M (±1% cap)
    NOI $256,760 @ 7.0% cap · market cap 36.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ashley Worthington Physician Dermatology & Mohs Surgery ... Physician Knoxville Square Grocery & Convenience Store Dr. Jeffrey K. ... Physician Megan Glenn, MMS, ... Physician

    Suggested Use

    Law Firm Dental Office Real Estate Agency Hotel & Motel Discount Store Barber Shop Electronics & Wireless Store Clothing & Fashion Store Garden Center Nursing Home

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

    Similar Places Nearby

    • Brown Animal Hospital — 1715 W Chanute Rd, Peoria, IL 61615

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6097
    Latitude
    40.7985

    FAQs

    What type of property is this?
    Medical Office Space - 4,193 SF medical office building, fully occupied, Peoria, Illinois.
    Where is this medical office space located?
    The property is located at 9118 N Lindbergh Dr Peoria, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Fully occupied 4,193 sf medical office space.; Leased through April 2025, providing immediate income.; Includes a 5‑year option to extend.
    (309) 693-3000 Call to check price and availability
    More about this property
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