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    1905 Knoxville Ave Peoria, IL 61603

    Sponsored
    For Lease
    $12 SF/Yr ($3,192 /Mo)

    Prime Peoria location, 1200 sq ft available.

    Lot size:
    3,192 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail space, located at 1905 N. Knoxville Ave. in Peoria, Illinois, offers a fantastic opportunity for businesses seeking a prominent location. The property boasts a total of 3,192 square feet across two stories, with 1,200 square feet currently available for lease. Previously used as a consumer finance space, this versatile unit is ideally situated at the corner of Knoxville and McClure Avenues, providing excellent visibility and accessibility. Its strategic location offers easy access to downtown Peoria and major interstate routes, ensuring convenient commutes for both employees and customers. The surrounding area presents a vibrant mix of retail, office spaces, and residential neighborhoods, creating a diverse and thriving community. The property is classified as a multi-tenant building within Peoria County, zip code 61603. This space presents a unique chance to establish or expand your business in a high-traffic area with strong potential for growth. The available 1,200 square feet provides ample room for various retail configurations. Contact us today to learn more about this exciting leasing opportunity.

    Property Features for 1905 Knoxville Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,192 SF
    Total Rate
    3192

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Available space
    Size
    1,200 SF
    Rate per SF
    $12

    HighLights

    • 1,200 SF available for lease.
    • Open floor plan.
    • High visibility corner location at Knoxville & McClure Avenues.
    • Onsite parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    China Express Chinese Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply 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
    -89.5943109
    Latitude
    40.7105325

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    FAQs

    What type of property is this?
    Retail property - Prime Peoria location, 1200 sq ft available.
    Where is this retail property located?
    The property is located at 1905 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: 1,200 SF available for lease.; Open floor plan.; High visibility corner location at Knoxville & McClure Avenues.
    Request Owner's contact information
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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
    1905 Knoxville Ave Peoria, IL 61603
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