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    1315 Commerce Dr Peoria, IL 61615

    For Lease
    $13 SF/Yr ($13,178 /Mo)

    12,165 SF Office Building, 5,049 SF Available

    Lot size:
    12,165 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional executive office building, located at 1315 W Commerce Drive in Peoria, Illinois, presents a unique opportunity. The property, built in 2003, boasts a total of 12,165 square feet, with 5,049 square feet currently available for lease. The building is situated on a 1.15-acre lot in Peoria County, offering ample space and convenient access. The property's multiple tenancy structure provides flexibility for various business needs. Its prime location off North Knoxville Avenue near the Illinois Route 6 exit ensures high visibility and easy access to major transportation routes, including the interstate. The surrounding area features a vibrant mix of businesses, including CVS, Kroger, RLI Insurance, Panera Bread, and Avantis, creating a strong commercial environment. This property is ideal for businesses seeking a well-established, conveniently located, and spacious executive office space in a thriving Peoria neighborhood. The building's 2003 construction suggests modern amenities and infrastructure. The available 5,049 square feet offers significant potential for expansion or customization to suit specific business requirements. This is an excellent opportunity to establish a presence in a desirable and accessible location within Peoria. The zip code is 61615.

    Property Features for 1315 Commerce Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,165 SF
    Total Rate
    13178.75

    Building Details

    Year Built
    2003

    Unit(s) available at that property

    Space
    Available
    Size
    5,049 SF
    Rate per SF
    $13

    HighLights

    • Open office layout with private office and conference room; shared restrooms.
    • 558 square feet of prorated common area included in total square footage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Great American Insurance ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -89.6125391
    Latitude
    40.8016042

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    FAQs

    What type of property is this?
    Office Property / Space - 12,165 SF Office Building, 5,049 SF Available
    Where is this office property / space located?
    The property is located at 1315 Commerce Dr Peoria, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Open office layout with private office and conference room; shared restrooms.; 558 square feet of prorated common area included in total square footage.;
    Request Owner's contact information
    1315 Commerce Dr Peoria, IL 61615
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    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
    1315 Commerce Dr Peoria, IL 61615
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