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    7801 Knoxville Ave Peoria, IL 61614

    Sponsored
    For Lease
    $12 SF/Yr ($14,896 /Mo)

    14,020 SF Single-Tenant Medical Office

    Lot size:
    14,020 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,020-square-foot medical office building is located at 7801 N. Knoxville Ave in Peoria, Illinois, zip code 61614. The property is a single-tenant building, ideal for a medical practice seeking a substantial and established presence in the Peoria market. The building's size offers ample space for various medical specialties, allowing for expansion and growth. Its convenient location provides easy access for patients and staff, enhancing operational efficiency. The property's single-tenant occupancy offers stability and predictable income streams. This presents a unique opportunity for investors or medical practices seeking a turnkey solution in a thriving Illinois community. The building's precise layout and internal specifications are available upon request. Detailed financial information, including potential rental income projections, can be provided to qualified buyers. This property is situated at 40.781927 latitude and -89.603814 longitude, offering easy access to major transportation routes and local amenities. Serious inquiries are encouraged to explore this prime medical office investment opportunity further. The property is classified as an office building with a medical office subtype. This presents a strong investment opportunity in a growing sector of the commercial real estate market.

    Property Features for 7801 Knoxville Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,020 SF
    Total Rate
    14896.25

    Unit(s) available at that property

    Space
    7801 N. Knoxville Ave.
    Size
    14,020 SF
    Rate per SF
    $12

    HighLights

    • 14,020 sq. ft. medical office building, including basement.
    • Concrete block building with partial basement.
    • 2.18‑acre lot with parking for 60+ vehicles.
    • Multiple exam rooms and nurses' stations.
    • Automatic entry doors, break room, and mechanical rooms.
    • Access from both sides of N. Knoxville Ave.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kendrick Bailey, LCPC Counselor Melinda Henderson Nurse Practitioner Dr. Mourad Alnatour, ... Pediatrician Holder Mark MD Doctor Shellene Coleman, APN Nurse Practitioner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair 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
    -89.603814
    Latitude
    40.781927

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    FAQs

    What type of property is this?
    Medical office - 14,020 SF Single-Tenant Medical Office
    Where is this medical office located?
    The property is located at 7801 Knoxville Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 14,020 sq. ft. medical office building, including basement.; Concrete block building with partial basement.; 2.18-acre lot with parking for 60+ vehicles.
    Request Owner's contact information
    7801 Knoxville Ave Peoria, IL 61614
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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
    7801 Knoxville Ave Peoria, IL 61614
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