Current Use by Public Records
- ADT Solar / Electrical Service
Property Details for 906 Detweiller Dr
- Year built
- 1966
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional investment opportunity presents a fully leased, multi-tenant flex building totaling 31,400 square feet, situated in Peoria, Illinois' Mt. Hawley Industrial Park. The property, built in 1966 and boasting conventional construction, is in excellent condition. Comprising seven individual units, each offers convenient features such as loading docks, overhead doors, and a generous 16-foot clearance height. All units are equipped with sprinkler systems for enhanced safety. Recent improvements include a new parking lot (2012) and a new roof (2018), minimizing future capital expenditures. The strategic location within Mt. Hawley Industrial Park provides easy access to Knoxville Avenue and Pioneer Parkway, placing the property in close proximity to a diverse range of businesses, including car dealerships, retail centers, restaurants, and administrative offices. The property's strong tenant mix and 100% occupancy contribute to a compelling 7% cap rate. The asking price is $1,600,000, representing a price per square foot of $50.96 and a price per unit of $228,571.43. This is a rare opportunity to acquire a well-maintained, high-performing industrial property with excellent access to major transportation routes. The gross lease structure simplifies management and ensures consistent cash flow.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6068
- Latitude
- 40.7879
