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    420 Main St East Peoria, IL 61611

    Sponsored
    For Lease
    $22 SF/Yr

    Prime East Peoria Office Building, 4,580 sq ft

    Lot size:
    2,409 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property at 420 N MAIN Street in East Peoria offers a prime office space opportunity. The building is zoned B-1 and features a single-tenant occupancy, ideal for a variety of businesses. The available space totals 4,580 square feet, located on the 4th floor, and boasts excellent visibility and accessibility from I-74, ensuring convenient access for employees and clients throughout Peoria and Tazewell Counties. This versatile space can be leased as a whole or subdivided into two units: one measuring 2,033 square feet and the other 2,407 square feet. The existing layout includes a thoughtfully designed configuration of executive office spaces, seven private offices, two conference rooms, a welcoming reception area, and a spacious open workspace perfectly suited for cubicles. A dedicated storage room adds to the functionality and convenience of this exceptional office space. The property's land area is 2,409 square feet (APN: 01-01-33-104-004). This is a rare opportunity to secure a prominent location in a thriving East Peoria business district. Don't miss out on this chance to establish your business in a highly visible and accessible location.

    Property Features for 420 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,409 SF

    Unit(s) available at that property

    Space
    4th Floor Partial
    Size
    2,409 SF
    Rate per SF
    $22

    HighLights

    • Land and office property at 420 N MAIN Street.
    • Single‑tenant occupancy.
    • 2,409 square feet.
    • B‑1 Zoning.
    • APN 01‑01‑33‑104‑004.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    East Peoria
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.5751036
    Latitude
    40.6693626

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    FAQs

    What type of property is this?
    Office Property / Space - Prime East Peoria Office Building, 4,580 sq ft
    Where is this office property / space located?
    The property is located at 420 Main St East Peoria, IL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Land and office property at 420 N MAIN Street.; Single-tenant occupancy.; 2,409 square feet.
    Request Owner's contact information
    420 Main St East Peoria, IL 61611
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    East Peoria, IL 61611
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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
    420 Main St East Peoria, IL 61611
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