3129 Prospect Rd, Peoria, IL 61603
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.
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
Similar Nearby for Lease
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.