Freestanding Commercial Building For
For Sale
$599,000
4100 W Willow Knolls Dr, Peoria, IL 61615
2,980 SF commercial building on a prime corner.
Property Size2,980 SF
Price / SF$201.01
Days on Market194
Property Features for 4100 W Willow Knolls Dr
General Information
Standard status
Active
Size
2,980 SF
Class
B
Property subtype
Office - General Office
Building Details
Building Size
2,980 SF
Year Built
1993
Listing Agency:
Joseph & Camper Commercial
Listed By:
Tom Camper
(309) 256-1020
Source:
Commercialcafe
Added: Mar 26
Changed: Sep 23
Last Checked: Oct 4 at 7:09AM
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 Joseph & Camper Commercial
Investment Insights
Based on property information with market context.
This 2,980 SF freestanding commercial building is available for sale. It occupies a prominent hard corner in Peoria, IL, specifically at the intersection of Willow Knolls Drive and War Memorial Drive/US Route 150. The location is anchored by Sam’s Club, Kohls, and Willow Knolls Theatre. It is also adjacent to freestanding retailers such as Applebees, Olive Garden, and Office Depot. Formerly a bank branch, the building features a large open lobby, three teller stations, a vault, and two viewing rooms. A three-year deed restriction from the sale date applies to bank and financial services.
Key Highlights
- Prime hard corner location at Willow Knolls and War Memorial Drive/US Route 150
- Freestanding 2,980 SF commercial building
- Anchored by Sam’s Club, Kohls, and Willow Knolls Theatre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,219
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,380
$764.4K
Cap Rate 7%
$545,986
$546.0K
Cap Rate 9%
$424,656
$424.7K
Market Conditions
NOI Build-Up for 2,980 SF
Gross rent
$53.6K $18.00/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$51.0K $17.10/SF
− OpEx
−$12.7K −$4.27/SF
NOI
$38.2K $12.83/SF
Area
Peoria, IL
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,380
Cap Rate 7%
$545,986
Cap Rate 9%
$424,656
Alternative Uses
Best Use
Specialty Retail
$546.0K
$477.7K – $637.0K
NOI $38,219 @ 7.0% cap · market cap 6.38%
Second Best
Retail
$509.6K
$445.9K – $594.5K
NOI $35,671 @ 7.0% cap · market cap 5.96%
Theoretical Best
Multifamily LT 5
$2.61M
$2.28M – $3.04M
NOI $182,481 @ 7.0% cap · market cap 30.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
326k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 29%
Dining 28%
Shops & Services 18%
Apparel 16%
Sam's Club
Superstores
94,647 visits/mo
0.2 miles
Kohl's
Apparel
53,392 visits/mo
0.2 miles
Olive Garden
Dining
33,321 visits/mo
0.4 miles
Dollar Tree
Shops & Services
27,657 visits/mo
0.4 miles
McDonald's
Dining
26,307 visits/mo
0.5 miles
Demographics for 61615, IL
24,314
Population
11,334
Households
2.1
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
29.6 sq mi
ZIP Area
821
Density / Sq Mi
$82,157
Median Household Income
$50,165
Median Earnings
$1,079
Median Rent
$206,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Bank - 2,980 SF commercial building on a prime corner.
Where is this bank located?
The property is located at 4100 W 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: Prime hard corner location at Willow Knolls and War Memorial Drive/US Route 150; Freestanding 2,980 SF commercial building; Anchored by Sam’s Club, Kohls, and Willow Knolls Theatre
