703 Jefferson St, Peoria, IL 61603
This exceptional 7,000-square-foot commercial property in Peoria, Illinois, presents a unique opportunity for a single tenant. Located at 703 NE Jefferson Street, this land parcel is zoned Imp Comm, offering flexibility for either office or retail use. The property boasts ample parking with 10 spaces conveniently located on the side of the building, ensuring easy access for customers and employees. The building currently consists of a single suite, providing a private and efficient workspace. A significant incentive is offered: three months of free rent! This is a fantastic opportunity to establish a presence in a high-visibility location. The build-out is negotiable, allowing for customization to perfectly suit your business needs and vision. Whether you're seeking a professional office space or a vibrant retail storefront, this property's versatility and prime location make it an ideal investment. The APN is 18-03-353-009. Don't miss this chance to secure a thriving business location in a desirable Peoria area.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.