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    801 Knoxville Ave Peoria, IL 61636

    Sponsored
    For Sale
    $1,250,000

    Vacant, 14,020 SF Medical Office, $1.25M

    Property size:
    14,020 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14,020-square-foot medical office building in Peoria, Illinois, presents a compelling investment opportunity. Located at 801 N Knoxville Ave, 61636, this Class B property sits on a spacious 2.18-acre lot and offers ample parking with 60+ spaces. The building features a concrete block construction with a partial basement, providing substantial space for various medical uses. The layout includes multiple exam rooms and nurses' stations, designed to accommodate a range of medical practices. Convenient access is provided from both directions of N. Knoxville Avenue, along with secondary access from Trailcreek. The building boasts modern amenities such as automatic entry doors, a break room, and dedicated mechanical rooms. Currently vacant, this property is offered at $1,250,000, translating to a price per square foot of $89.16. The lease type is NNN. This presents a unique chance to acquire a well-situated, versatile medical facility in a thriving Peoria location. The property's size, parking availability, and convenient access make it an ideal investment for medical professionals or investors seeking a strong return.

    Property Features for 801 Knoxville Ave

    General Information

    Property type
    Medical offices
    Square Feet
    14,020 SF
    Class
    B
    Lot Size
    94,961 SF

    HighLights

    • $1,250,000 asking price for a vacant 14,020 SF Class B medical office building.
    • NNN lease, multi‑tenant, with 60 parking spaces.
    • Situated on a 2.18‑acre lot in Peoria, IL, with access from N. Knoxville Ave and Trailcreek.
    • Features multiple exam rooms, nurses' stations, and a partial basement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Law Firm Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5938423
    Latitude
    40.7005366

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    FAQs

    What type of property is this?
    Medical office - Vacant, 14,020 SF Medical Office, $1.25M
    Where is this medical office located?
    The property is located at 801 Knoxville Ave Peoria, IL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price for a vacant 14,020 SF Class B medical office building.; NNN lease, multi-tenant, with 60 parking spaces.; Situated on a 2.18-acre lot in Peoria, IL, with access from N. Knoxville Ave and Trailcreek.
    Request Owner's contact information
    801 Knoxville Ave Peoria, IL 61636
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    Peoria, IL 61636
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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
    801 Knoxville Ave Peoria, IL 61636
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