5515 War Memorial Dr Peoria, IL 61615
This exceptional 49,298 square foot, two-story office building is situated on a ten-acre lot in Peoria, Illinois, at 5515 W War Memorial Dr, zip code 61615. Currently vacant, this Class B property offers a unique opportunity for a single tenant. The building features open floor plans on both levels, a large surface parking lot, and a single loading dock. It's fully sprinklered for enhanced safety. The property's excellent location offers high visibility and easy access to major roadways, including IL Rt. 6, IL Rt. 91, and I-474/I-74 (less than a mile away). Its proximity to the Shoppes at Grand Prairie, an open-air shopping center with diverse retail, restaurant, and hospitality options, further enhances its appeal. Nearby businesses include Hy-Vee, Holiday Inn, Methodist College, AMC Theatres, CEFCU, and Home Depot. The asking price for this substantial property is $5,000,000. This is a rare opportunity to acquire a significant office building in a thriving Peoria location.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.