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    9118 Lindbergh Dr Peoria, IL 61615

    For Sale
    $700,000

    Fully occupied, 4,193 SF medical office.

    Property size:
    4,193 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 4,193 square foot Class B medical office building, located at 9118 N. Lindbergh Drive in Peoria, Illinois, presents a compelling investment opportunity. Currently 100% occupied by a dermatology practice under a triple net (NNN) lease, this single-tenant property boasts a strong five-year lease renewal in place, ensuring consistent cash flow. The building features multiple exam rooms, a welcoming reception area, private offices to accommodate various needs, and ample parking for both patients and staff. A covered entry provides convenient and sheltered access, while a dedicated storage/maintenance room adds to the property's functionality. Situated on a 1.347-acre lot, the attractive brick building offers significant potential for long-term growth and stability. The asking price is $700,000, translating to a price per square foot of $166.94. This Peoria County property (zip code 61615) represents a rare chance to acquire a well-maintained, fully occupied medical office building with a secure lease and excellent potential for return on investment. The property's prime location and strong tenant occupancy make it an attractive addition to any investment portfolio.

    Property Features for 9118 Lindbergh Dr

    General Information

    Property type
    Medical offices
    Square Feet
    4,193 SF
    Class
    B
    Lot Size
    58,675 SF

    HighLights

    • 4,193 square foot medical office building.
    • Fully leased.
    • Five‑year lease renewal in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ashley Worthington Physician Assistant Dermatology & Mohs Surgery ... Dermatologist Knoxville Square Grocery Store Dr. Jeffrey K. ... Dermatologist Megan Glenn, MMS, ... Dermatologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6092348
    Latitude
    40.7985102

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    FAQs

    What type of property is this?
    Medical office - Fully occupied, 4,193 SF medical office.
    Where is this medical office located?
    The property is located at 9118 Lindbergh Dr Peoria, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 4,193 square foot medical office building.; Fully leased.; Five-year lease renewal in place.
    Request Owner's contact information
    9118 Lindbergh Dr 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
    9118 Lindbergh Dr Peoria, IL 61615
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