3131 Prospect Rd, Peoria, IL 61603
This exceptional commercial property at 3131 N Prospect Road in Peoria, Illinois, offers a versatile space ideal for a variety of businesses. The property consists of a single-tenant building encompassing 7,831 square feet, currently featuring 2,960 square feet of vacant space available for lease at a monthly rate of $1200. The building is situated on a commercially zoned lot (APN 14-27-383-026) and is categorized as Land, Office, and Retail. The existing tenant is responsible for one-third of snow removal and shared lighting costs. This presents a unique opportunity for businesses seeking a well-located Peoria space. An additional 1,840 square feet of contiguous space is available at 3129 N Prospect Road, offering the potential for expansion with interconnecting doors. The property's single-suite layout provides a streamlined and efficient workspace. The convenient location in Peoria, IL, zip code 61603, offers excellent accessibility and visibility. This property is perfect for businesses seeking a flexible and well-maintained space in a thriving commercial area. Serious inquiries are encouraged to explore this promising opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.