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    OFF-MARKET
    Retail properties & Spaces

    3131 Prospect Rd, Peoria, IL 61603

    7,831 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 7,831 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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