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Property profile

1605 Candletree Dr Peoria, IL 61614

OFF-MARKET
Retail properties & Spaces
1,200 SF Built 1979
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Property summary

AI-generated overview

This 1,200 square foot Class B mixed-use office condo is ideally located at 1605 W Candletree Dr, Peoria, IL 61614. Built in 1979, this single-story building offers a versatile space previously used as a chiropractic office. The layout includes a welcoming reception area, three private offices or treatment rooms, separate men's and women's restrooms, and additional open space. Exterior building paint was refreshed in 2020, and the parking lot was resurfaced and restriped in 2021. This unit is one of sixteen within the building, situated in a thriving commercial area with neighboring medical, financial, and general office businesses. The property boasts ample on-site parking and enjoys a convenient location just one block from University Street, zoned C2. The asking price is $94,000, translating to $78.33 per square foot. This presents a compelling opportunity for owner-occupancy or investment in a well-maintained and strategically positioned property.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1979
Total area 1,200 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Big Box & Wholesale Store Food Market
  • Alternative Medicine Practice
  • Financial Advisor
  • Rehabilitation Center Alcoholism Treatment Program

Location

1605 Candletree Dr Peoria, IL 61614
Peoria metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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