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    2016 Knoxville Ave Peoria, IL 61603

    For Lease
    $12 SF/Yr ($6,373 /Mo)

    Prime Peoria Office, 2,723 sq ft available.

    Lot size:
    6,119 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional executive office space, located at 2016 Knoxville Avenue in Peoria, Illinois, offers 2,723 square feet of immediately available space within the 6,119 square foot Knoxville Plaza. The building is classified as Class B and is situated in Peoria County, zip code 61603. The property features a multi-tenant occupancy structure, ideal for businesses seeking a collaborative yet independent environment. The location boasts unparalleled convenience, being less than a mile from major medical facilities including OSF St. Francis Medical Center, OSF Healthcare Children's Hospital of Illinois, UnityPoint Health Methodist Hospital, and the Ronald McDonald House Charities of Central Illinois. This strategic position ensures easy access for employees and clients alike. Furthermore, the property benefits from its proximity to established residential neighborhoods, providing a strong potential customer base. The surrounding area is vibrant, with numerous amenities including Aaron's, Rent-A-Center, Wilton Mortuary, OSF Medical Group Primary Care, and the Midtown Plaza Shopping Center, along with a variety of retail and restaurant options. This prime location offers a blend of accessibility, convenience, and a thriving community atmosphere, making it an ideal choice for businesses seeking a strategic and well-positioned office space in Peoria.

    Property Features for 2016 Knoxville Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,119 SF
    Class
    B
    Total Rate
    6373.96

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,723 SF
    Rate per SF
    $12

    HighLights

    • 2,723 SF of immediately available Class B office space in Peoria, IL.
    • Excellent access and visibility.
    • Ample parking.
    • Centrally located near major medical facilities and amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Local Interagency Council Non-Profit Organization Care & Treatment Developmental County Government Office LaborMax Staffing - Peoria, ... Employment Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5931532
    Latitude
    40.7120683

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Peoria Office, 2,723 sq ft available.
    Where is this office property / space located?
    The property is located at 2016 Knoxville Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 2,723 SF of immediately available Class B office space in Peoria, IL.; Excellent access and visibility.; Ample parking.
    Request Owner's contact information
    2016 Knoxville Ave Peoria, IL 61603
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    Peoria, IL 61603
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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
    2016 Knoxville Ave Peoria, IL 61603
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