Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Property profile & analytics

1616 Chanute Rd Peoria, IL 61615

  • Commercial real estate
Value Estimation
$5,110,000
Last Sale
Apr 09, 2025
$5,100,000
Location Intelligence
Property ID
US28-1109327
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Vital Records Control / Archive / Business To Business Service
  • Riverside Tool & Die / Machine Shop / Tool Manufacturer

Property Details for 1616 Chanute Rd

Property type
Commercial real estate
APN
14-05-151-013
APU
1405151013

Description

This exceptional industrial property, located at 1616-1620 W Chanute Rd in Peoria, Illinois, offers a significant opportunity for warehouse and distribution businesses. The property encompasses a substantial 107,496 square feet of space, currently entirely vacant and available for lease. The building is divisible, with a minimum leasable area of 64,230 square feet and a maximum contiguous space of 43,266 square feet, providing flexibility for various business needs. The property sits on a generous 7.41-acre lot, ensuring ample room for operations and expansion. Loading and unloading are facilitated by 24 loading docks and 2 drive-in doors. Extensive parking is available to accommodate employees and visitors. The warehouse benefits from robust 3-phase, 300-amp power, supporting demanding operational requirements. Situated in Peoria County, Illinois, zip code 61615, this property offers excellent access to major transportation routes, making it an ideal location for efficient logistics and distribution. This is a rare opportunity to secure a large, well-equipped warehouse space in a prime industrial location. Contact us today to learn more about leasing options.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $4,840,000
  • CAP approach

    CAP return
    Estimation
    6%
    $5,335,000
    6.5%
    $5,090,000
    7%
    $4,925,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $5,435,000
    Geo Method
    $4,650,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $5,650,000
    Retail
    $5,210,000
    Mixed-Use
    $5,090,000
    Hospitality
    $5,850,000
    Educational
    $5,490,000
    Residential Income
    $6,305,000
    Energy
    $5,995,000
    Income-Based Land
    $5,375,000
    Food Service
    $6,370,000

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.6167
Latitude
40.793
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$45,408
$112,490
$415,030
$527,520
-
$337,470
$1,245,090
$1,582,560
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