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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1605 Candletree Dr Peoria, IL 61614

1,200 SF Built 1979
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Universal Industrial Manufacturer Production Facility
  • Laddu Express Big Box & Wholesale Store Food Market
  • Dr. Daniel Mcconnell Alternative Medicine Practice
  • Integrity Plus Financial Solutions Financial Advisor
  • Bright Candletree Rehabilitation Program Rehabilitation Center Alcoholism Treatment Program
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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