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    820 Jefferson Ave Peoria, IL 61603

    Sponsored
    For Lease
    $9 SF/Yr

    7,378 SF Freestanding Retail Space

    Lot size:
    7,378 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 7,378-square-foot freestanding retail space in Peoria, Illinois, is available for sublease. Located at 820 NE Jefferson Ave, this single-tenant property boasts excellent visibility on a major route into downtown Peoria. The lease extends until April 30, 2027, and is a single net lease, meaning the tenant is responsible for insurance, maintenance, and utilities. The property benefits from its strategic location near the Peoria Riverfront, home to the Peoria Riverfront Museum, parks, trails, and seasonal events. Dozer Park, the Peoria Chiefs' baseball stadium, and the Peoria Civic Center, a major venue for events, are also nearby. The property's proximity to the revitalized Warehouse District, with its trendy lofts, restaurants, bars, and boutiques, adds to its appeal. The property is zoned CG- Commercial General and is situated in Peoria County (zip code 61603). This location offers exceptional access to a vibrant area with cultural, recreational, and entertainment attractions, ensuring high visibility and potential for strong customer traffic. The property is ideal for a variety of retail businesses seeking a prominent presence in a thriving downtown area.

    Property Features for 820 Jefferson Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,378 SF

    Unit(s) available at that property

    Space
    Size
    7,378 SF
    Rate per SF
    $9

    HighLights

    • High visibility and excellent accessibility from major thoroughfares.
    • Prime location near downtown's key attractions and amenities.
    • Strategic positioning for reaching a large customer base.
    • Adaptable floor plan accommodating diverse business needs.
    • Convenient access to public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail 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
    -89.5810806
    Latitude
    40.6982365

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    FAQs

    What type of property is this?
    Individual retail property - 7,378 SF Freestanding Retail Space
    Where is this individual retail property located?
    The property is located at 820 Jefferson Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: High visibility and excellent accessibility from major thoroughfares.; Prime location near downtown's key attractions and amenities.; Strategic positioning for reaching a large customer base.
    Request Owner's contact information
    820 Jefferson 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
    820 Jefferson Ave Peoria, IL 61603
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