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    4900 Glen Park Place Rd Peoria, IL 61614

    Sponsored
    For Lease
    $12 SF/Yr ($10,454 /Mo)

    Peoria, IL medical office space for lease.

    Lot size:
    10,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,036 square foot Class B medical office building, constructed in 1992, presents a unique leasing opportunity in Peoria, Illinois. Located at 4900 Glen Park Place, zip code 61614, this two-story building boasts 24 parking spaces and is situated within a thriving medical district, alongside prominent healthcare providers such as OSF Prompt Care, OSF Gastroenterology, and Soderstrom Skin Institute. Currently, 5,186 square feet are available for lease, encompassing two combined suites previously occupied by a single tenant. Suite C, measuring 3,740 square feet, features a spacious waiting area, four exam rooms, a private office, an employee lounge, and restrooms. The adjacent Suite B (1,446 square feet) includes a waiting room, three exam rooms, a lab, a nurses' station, and restrooms. The building is zoned O2 and is comprised of one building with multiple tenants, including F&M Bank. This prime location offers excellent visibility and accessibility, making it an ideal setting for a variety of medical practices. The property is located in Peoria County.

    Property Features for 4900 Glen Park Place Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,036 SF
    Class
    B
    Total Rate
    10454.17

    Building Details

    Year Built
    1992
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite C
    Size
    3,740 SF
    Rate per SF
    $12
    Property Profile Location Intelligence

    Current Use by Public Records

    F&M Bank Bank Ronald J. Suarez, ... Optometrist Carin Purtle Chiropractor Roger Fitch Optometrist Timothy Cundiff Optometrist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6177339
    Latitude
    40.7474574

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    FAQs

    What type of property is this?
    Medical office - Peoria, IL medical office space for lease.
    Where is this medical office located?
    The property is located at 4900 Glen Park Place Rd Peoria, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    Request Owner's contact information
    4900 Glen Park Place Rd Peoria, IL 61614
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    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
    4900 Glen Park Place Rd Peoria, IL 61614
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