1012 Bosch Rd Peoria, IL 61607
- Commercial real estate
- 5.77 lot acres
Current Use by Public Records
- Bimbo Bakeries USA / Warehouse
Property Details for 1012 Bosch Rd
- Lot size
- 5.77 lot acres
- Property type
- Commercial real estate
- APN
- 17-14-152-013
- APU
- 1714152013
Description
This Peoria, IL, industrial property offers a compelling investment opportunity. The 16,000-square-foot building, constructed in 2016, is situated on a 5.77-acre lot and features 75 parking spaces. Currently 100% occupied by Bimbo Bakeries under an absolute NNN lease with a corporate guarantee, the property boasts a remaining term of 7 years, with scheduled rental increases. The lease provides a stable income stream with minimal landlord responsibilities. The $3,300,000 asking price represents a 5.53% cap rate and a price per square foot of $206.25. The property is zoned Industrial 1 - Light and enjoys a prime location with high visibility near major roadways, including access to State Highway 116 and Interstate 474. The strong retail corridor surrounding the property provides ample amenities for employees. Furthermore, an adjacent 2.04-acre parcel presents a valuable value-add opportunity. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment for passive investors seeking long-term, stable returns. The Net Operating Income (NOI) is $182,522. The property is located at 1012 S Bosch Rd, Peoria, IL 61607.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,060,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,865,000
- 6.5%
- $3,395,000
- 7%
- $3,120,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,610,000
- Geo Method
- $3,375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,840,000
- Retail
- $3,295,000
- Mixed-Use
- $2,990,000
- Hospitality
- $2,700,000
- Educational
- $2,450,000
- Residential Income
- $2,995,000
- Energy
- $3,290,000
- Income-Based Land
- $2,805,000
- Food Service
- $2,525,000
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6766
- Latitude
- 40.677
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA