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    8305 Allen Rd Peoria, IL 61615

    For Lease
    $15 SF/Yr

    Move-in ready office suite, high visibility.

    Lot size:
    2,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,900 square foot commercial office space is available for sublease in the desirable Summit Crossing development on Allen Road. The updated suite boasts excellent visibility and high traffic counts, making it an ideal location for a variety of professional businesses. The interior features a welcoming reception area, multiple private offices, a dedicated conference room, a well-equipped kitchen, a bathroom, and ample storage space. Currently configured as a single-tenant occupancy, this space is ready for immediate occupancy. The existing lease expires May 7th, 2026, however, the landlord is open to extending the lease term. The property is situated in a thriving commercial area with a diverse mix of businesses, including a chiropractic office, hair salon and spa, event venue, and engineering office. Ample parking is available for tenants and clients, and the property offers convenient access to the interstate highway system. For businesses requiring additional space, an adjacent suite is also available for sublease (PA1254032). The property is zoned for commercial use and features one building with a single suite. The APN is 14-06-300-010. This is a fantastic opportunity to secure a prime office space in a highly sought-after location.

    Property Features for 8305 Allen Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,900 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    5
    Size
    2,900 SF
    Rate per SF
    $15

    HighLights

    • 2,900 sq. ft. commercial land and office building for sublease.
    • Single‑tenant occupancy.
    • Located in Summit Crossing on Allen Road with excellent visibility and high traffic.
    • Updated, move‑in ready condition with reception area, offices, conference room, kitchen, and storage.
    • Lease expires May 7, 2026, with landlord open to lease extension.
    • Ample parking and convenient interstate access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peoria Vet Center Corporate Office Studio B Hair ... Hair Salon Pure Bliss Hair ... Beauty Salon Scott Lewis Homes ... General Contractor Peoria Spine and Sport Chiropractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Hair Salon Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6321432
    Latitude
    40.7887377

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    FAQs

    What type of property is this?
    Office Property / Space - Move-in ready office suite, high visibility.
    Where is this office property / space located?
    The property is located at 8305 Allen Rd Peoria, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 2,900 sq. ft. commercial land and office building for sublease.; Single-tenant occupancy.; Located in Summit Crossing on Allen Road with excellent visibility and high traffic.
    Request Owner's contact information
    8305 Allen Rd Peoria, IL 61615
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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
    8305 Allen Rd Peoria, IL 61615
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