Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2001 Willow Knolls Dr Peoria, IL 61614

    • Retail properties
    • 18,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mc Gill Air Flow LLC / Metal Fabrication Plant / Factory
    • Plattner Asset Management / Financial Advisor
    • Frost James R DDS / Dental Office
    • Wahl Gregory H DDS / Dental Office
    • Schultz Susan / Dental Office

    Property Details for 2001 Willow Knolls Dr

    Property size
    18,000 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This 2,333 square foot medical office suite is located in Peoria, Illinois' Willow Brook Plaza, a single-story building within a two-story structure at 2001 W Willow Knolls Dr, 61614. The space is situated on the main level, offering convenient access and high visibility facing Willow Knolls Road. Previously used as a doctor's office, the suite has been completely renovated and is ready for immediate occupancy. It features private exterior entrances and is adaptable to various layouts, accommodating multiple offices or rooms. Plumbing for eight sinks or stations makes it particularly well-suited for medical practices or salons. The zoning is C1. The building itself totals 18,000 square feet and consists of one suite. The property includes no elevators. The lease is a gross lease at $2,527 per month ($13 per square foot) plus utilities. The APN is 14-07-276-006.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.6232
    Latitude
    40.7763

    Comparable in this City

    • Value Estimation by Request
      15,600 SF

      7336 University St

      Office space • 15,600 SF
      7336 University St, Peoria, IL 61614
      View Details
    • Value Estimation by Request
      5,506 SF

      6001 Knoxville Ave

      Restaurants • 5,506 SF
      6001 Knoxville Ave, Peoria, IL 61614
      View Details
    • Value Estimation by Request
      1,200 SF

      1605 Candletree Dr

      Medical offices • 1,200 SF
      1605 Candletree Dr, Peoria, IL 61614
      View Details
    • Value Estimation by Request
      9,800 SF

      3308 Chartwell Rd

      Medical offices • 9,800 SF
      3308 Chartwell Rd, Peoria, IL 61614
      View Details
    • Value Estimation by Request
      14,400 SF

      1119 Glen Ave

      Office Properties & Spaces • 14,400 SF
      1119 Glen Ave, Peoria, IL 61614
      View Details
    • Value Estimation by Request

      2001 Willow Knolls Dr

      Retail properties
      2001 Willow Knolls Dr, Peoria, IL 61614
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.98 Acres

      Peoria Commercial Land & Building

      High-traffic location, flexible options
      7802 University St, Peoria, IL 61614
      View Details
    • Contact for pricing
      4,986 SF

      Medical/Office Building on Executive Drive

      4,986 SF medical/office building for sale in central Peoria.
      4930 N Executive Dr, Peoria, IL 61614
      View Details
    • Contact for pricing
      1,200 SF

      Office/Medical Condo on Candletree Drive

      1,200 SF office/medical condo for sale. Abundant parking.
      1605 W Candletree Dr, Peoria, IL 61614
      View Details
    • $599,000
      3,300 SF

      Peoria Restaurant - $599,000

      Prime Peoria restaurant space, 3,300 SF, 1.03 acres.
      7715 University St, Peoria, IL 61614
      View Details
    • $139,000
      1,463 SF

      Peoria Mixed-Use Investment Opportunity

      1,463 SF, 2-Unit Building, High ROI
      3709 Sheridan Rd, Peoria, IL 61614
      View Details
    • Contact for pricing
      1,463 SF

      Mixed-Use Building Near War Memorial

      Mixed-use building with commercial space and residential apartment.
      3709 N Sheridan Rd, Peoria, IL 61614
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      15,600 SF

      Windsor Square Office Suites

      Prime Office Space, Multiple Uses
      7336 University St, Peoria, IL 61614
      View Details
    • $12 SF/Yr
      4,030 SF

      Peoria Medical Office Space

      Prime medical office, 2,015 SF available.
      812 Trailcreek Dr, Peoria, IL 61614
      View Details
    • $12 SF/Yr
      14,020 SF

      Peoria Medical Office Building

      14,020 SF Single-Tenant Medical Office
      7801 Knoxville Ave, Peoria, IL 61614
      View Details
    • $12 SF/Yr
      10,036 SF

      Glen Park Place Medical Office

      Peoria, IL medical office space for lease.
      4900 Glen Park Place Rd, Peoria, IL 61614
      View Details
    • $13 SF/Yr
      9,800 SF

      Peoria Medical Office Space For Lease

      4,000 SF Medical Office Suite Available
      3308 Chartwell Rd, Peoria, IL 61614
      View Details
    • $15 SF/Yr
      10,812 SF

      Executive Drive Office Suites

      Glen Ave. Office Space: 1130-2339 SF
      5113 Executive Dr, Peoria, IL 61614
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2001 Willow Knolls Dr
    Peoria, IL 61614
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!