Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    3000 Main St East Peoria, IL 61611

    Sponsored
    For Sale
    $999,000

    Multi-Tenant Office Building, High Occupancy

    Property size:
    8,378 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully leased, multi-tenant office complex situated at 3000-3004 N Main St, East Peoria, IL 61611. The property encompasses 8,378 square feet across three units within two single-story buildings, constructed in 1998. The building boasts a desirable B3 zoning classification and ample parking with 35 spaces on a 1.43-acre lot featuring a 6-inch poured concrete surface. Currently operating at 100% occupancy, the property generates a strong NOI of $51,268, translating to a compelling 7.65% cap rate. The asking price is $999,000, representing a price per square foot of $119.24. Tenants include Physicians Mutual (3,441 sq ft), JBN Title (1,496 sq ft), and a dental lab (3,441 sq ft plus a 324 sq ft garage with an 8-foot overhead door). The property is offered as an owner/user investment with a NNN lease structure. This prime location on Main Street in East Peoria offers excellent visibility and accessibility. The property's strong tenant base, high occupancy rate, and attractive financial metrics make it an ideal investment for discerning buyers seeking a stable and profitable commercial real estate asset.

    Property Features for 3000 Main St

    General Information

    Property type
    Medical offices
    Square Feet
    8,378 SF
    Class
    B
    Lot Size
    62,291 SF

    Building Details

    Year Built
    1998
    Buildings
    2
    Stories
    1
    Units
    3

    HighLights

    • $999,000 asking price for an 8,378 SF multi‑tenant office building.
    • Located at 3000 N Main St, East Peoria, IL 61611, on a 1.43‑acre lot.
    • 100% occupied with three tenants: Physicians Mutual, JBN Title, and a dental lab.
    • Features two, one‑story buildings totaling 8,378 square feet, built in 1998.
    • Offers a 7.65% cap rate with a Net Operating Income (NOI) of $51,268.
    • Priced at $119.24 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    East Peoria
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.53724
    Latitude
    40.69976

    Nearby Comparable

    • $1,500,000
      19.50 Acres

      Brickell Ave Executive Office Suite

      Prime Brickell location, 1000 sq ft office.
      0 Il-116 & Highview Rd, East Peoria, IL 61611
      View Details
    • $795,000

      Peoria Landmark Commercial Property

      Two Buildings, High Traffic, Ample Parking
      2210 Jefferson Ave, Peoria, IL 61603
      View Details
    • $400,000
      45,434 SF

      Peoria Warehouse on NE Adams

      45,434 SF warehouse for sale in Peoria, Illinois.
      1825 NE Adams St, Peoria, IL 61603
      View Details
    • $1,500,000
      157,112 SF

      Industrial Warehouse Space for Sale

      157,112 sq ft industrial warehouse on 6.16 acres.
      2400 SW Washington St, Peoria, IL 61611
      View Details
    • $97,000

      Fenced Land Near Glen Oak

      2.97 acres of fenced land zoned I-2.
      600 Van Buren St, Peoria, IL 61603
      View Details
    • $174,240
      1.00 Acre

      Prime Washington, IL Commercial Lot

      1 Acre B-3 Zoned Lot - Ready to Build
      1010 Eastgate Dr, Washington, IL 61571
      View Details
    • $125,000

      Prime Peoria Commercial Property

      Historic Downtown Peoria Office/Retail
      1411 Adams St, Peoria, IL 61603
      View Details
    • $198,634
      1.14 Acres

      Prime East Peoria Commercial Land

      1.14-acre B-1 zoned lot, ready to build.
      0 Eastgate Dr, East Peoria, IL 61571
      View Details
    • $163,785
      0.94 Acres

      Prime Commercial Land, Washington IL

      0.94-acre B-2 zoned lot, ready to develop.
      0 Eastgate Dr, East Peoria, IL 61571
      View Details
    • $174,240
      1.00 Acre

      Prime 1-Acre Commercial Land

      High-visibility lot, ready for development. B-3 zoning.
      101 Eastgate Dr, Washington, IL 61571
      View Details
    • $499,900
      3.47 Acres

      East Peoria Industrial Building on 3 Acres

      10,220 SF industrial building on 3 acres in East Peoria.
      2485 Washington Rd, East Peoria, IL 61611
      View Details

    Nearby Similar for Sale

    • $499,900
      3.47 Acres

      East Peoria Industrial Building on 3 Acres

      10,220 SF industrial building on 3 acres in East Peoria.
      2485 Washington Rd, East Peoria, IL 61611
      View Details
    • $5,600,000
      5,970 SF

      Modern Car Wash Investment Opportunity

      East Peoria car wash property with strong tenant and location.
      540 W Camp St, East Peoria, IL 61611
      View Details
    • $13,747,000
      302,435 SF

      Large Industrial Property Near Caterpillar

      302,435 SF industrial property with long-term tenant near Caterpillar.
      600 Camp St W, East Peoria, IL 61611
      View Details
    • $399,900
      10,894 SF

      East Peoria Multi-Use Property

      Multi-unit property with retail, gym, apartment, and storage.
      1101 E Washington St, East Peoria, IL 61611
      View Details
    • $850,000
      8,378 SF

      East Peoria Office Space Available

      Office spaces with flexible layouts and convenient location for sale.
      3000-3002 N Main St E, East Peoria, IL
      View Details
    • $1,250,000
      6,932 SF

      East Peoria Restaurant - $1.25M

      Turnkey Restaurant, High Traffic Location
      900 Riverside Dr, East Peoria, IL 61611
      View Details

    FAQs

    What type of property is this?
    Medical office - Multi-Tenant Office Building, High Occupancy
    Where is this medical office located?
    The property is located at 3000 Main St East Peoria, IL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: $999,000 asking price for an 8,378 SF multi-tenant office building.; Located at 3000 N Main St, East Peoria, IL 61611, on a 1.43-acre lot.; 100% occupied with three tenants: Physicians Mutual, JBN Title, and a dental lab.
    Request Owner's contact information
    3000 Main St East Peoria, IL 61611
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3000 Main St
    East Peoria, IL 61611
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3000 Main St East Peoria, IL 61611
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.