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    OFF-MARKET
    Retail properties & Spaces

    3129 Prospect Rd, Peoria, IL 61603

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

    This exceptional commercial property at 3129 N Prospect Road in Peoria, Illinois, offers a versatile 7,831 square foot space ideal for office or retail use. The property consists of a single building with one suite, currently vacant and ready for immediate occupancy. The zoning is commercial, allowing for a wide range of business types. The building sits on a lot with APN 14-27-383-026. A significant portion of the space (1,840 sq ft) is available for lease at a monthly rate of $1,000. The tenant is responsible for one-third of snow removal and common area lighting costs. An attractive feature is the availability of an additional 2,960 square feet of adjoining space at 3131 N Prospect Road, complete with interconnecting doors, offering significant expansion potential. This presents a unique opportunity to secure a substantial commercial space in a desirable Peoria location. The property's total square footage is 7,831, making it suitable for a variety of business needs. This is a single-tenant property, providing a unique and private business environment. The property is located in Peoria, IL, zip code 61603.

    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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