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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

5515 War Memorial Dr Peoria, IL 61615

49,298 SF 10 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 49,298 SF
Lot 10 ac (435,600 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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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