1616 Chanute Rd Peoria, IL 61615
- Commercial real estate
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
-
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