103 River Rd East Peoria, IL 61611
Gateway Plaza, located at 103 River Road in East Peoria, IL 61611, offers exceptional office space within the thriving East Peoria Riverfront Business District. This Class A building boasts 11,475 square feet, with one building containing five suites. Currently, 3,000 square feet of space is available, divisible into units ranging from a minimum of 1,500 square feet to a maximum contiguous space of 3,000 square feet. The property enjoys a highly visible corner location at Camp Street and River Road, benefiting from over 20,550 vehicles passing daily. Its strategic position provides easy access to the I-74 (Murray Baker) and Bob Michael bridges, connecting to Peoria. The surrounding area features a mix of established retailers, including Bass Pro Shops, Walmart, Lowe's, Office Max, PetSmart, and numerous dining and entertainment options such as The Putt Club, Texas Roadhouse, Smoothie King, Arby's, and Culver's. Existing tenants within the building include Sherwin Williams, Sport Clips, and T-Mobile, creating a vibrant and diverse business community. This property presents a unique opportunity for businesses seeking a prominent location with excellent visibility and accessibility within a rapidly growing commercial district. The property's APN is 01-01-29-201-026.
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.