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    4100 Willow Knolls Dr Peoria, IL 61615

    For Sale
    $599,000

    Prime Peoria location, 2,980 SF, vacant.

    Property size:
    2,980 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,980-square-foot commercial building is available for purchase at $599,000. Located on a prime hard corner in Peoria, Illinois, at 4100 W Willow Knolls Dr, this single-story, Class B building boasts a highly visible location. The property sits on a 1.05-acre lot and benefits from its proximity to major retailers such as Sam's Club, Kohl's, and Willow Knolls Theatre, as well as other established businesses including Applebee's, Olive Garden, and Office Depot. The building, constructed in 1993, is zoned C2 and features a former bank branch layout, including a spacious open lobby, three teller stations, a secure vault, and two viewing rooms. Additional interior space includes three private offices, a conference room, ADA-accessible restrooms, a storage room with a mop sink, and a kitchenette/break room. The property also includes a 1,040-square-foot partially unfinished basement offering extra storage and utility access. Exterior features include three drive-thru lanes with an overnight drop-off vault, a security system with cameras, and 3-phase electrical service. The property is currently vacant and presents a unique opportunity for a variety of uses. Note that a three-year deed restriction for bank and financial services applies from the date of sale. This is an excellent investment opportunity in a thriving Peoria commercial area.

    Property Features for 4100 Willow Knolls Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,980 SF
    Class
    B
    Lot Size
    45,738 SF

    Building Details

    Year Built
    1993
    Buildings
    1
    Stories
    1

    HighLights

    • Three private offices, conference room, ADA‑compliant restrooms, storage room with mop sink, and kitchenette.
    • 1,040 SF partially finished basement for storage.
    • 3‑phase electrical service.
    • Three drive‑thru lanes with overnight drop box.
    • Security system with cameras.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sam's Club Bakery Bakery Princess Nails Peoria Nail Salon Office Depot Tech ... Computer Support And Services Sam's Club Pharmacy Pharmacy Sam's Club Optical ... Eye Care Center

    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
    -89.656152278166
    Latitude
    40.771187559281

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    FAQs

    What type of property is this?
    Individual retail property - Prime Peoria location, 2,980 SF, vacant.
    Where is this individual retail property located?
    The property is located at 4100 Willow Knolls Dr Peoria, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Three private offices, conference room, ADA-compliant restrooms, storage room with mop sink, and kitchenette.; 1,040 SF partially finished basement for storage.; 3-phase electrical service.
    Request Owner's contact information
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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
    4100 Willow Knolls Dr Peoria, IL 61615
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