Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    7916 Hale Ave Peoria, IL 61614

    • Commercial real estate
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $480,000
    Last Sale
    Feb 03, 2023
    $467,500
    Location Intelligence
    Property ID
    US28-2049424
    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

    • River City Labs / Non-Profit Organization

    Property Details for 7916 Hale Ave

    Property type
    Commercial real estate
    APN
    14-05-476-005
    APU
    1405476005

    Description

    This Peoria, IL commercial property at 7916 N Hale Ave offers 10,980 square feet of flexible retail and industrial space, currently with 3,200 square feet immediately available for lease. The building is zoned C2, allowing for a wide range of large-scale commercial uses. Situated in Peoria County, zip code 61614, this multi-tenant property boasts excellent visibility due to its street-side location and a prominent monument sign. Two driveway entrances provide convenient access for both customers and deliveries. The property is ideal for businesses seeking a flexible space to accommodate their specific needs, with build-to-suit options available. The existing space offers immediate occupancy for a tenant requiring approximately 3,200 square feet. This prime location in a high-traffic area ensures significant exposure for your business. The property's versatile zoning and ample space make it a highly attractive opportunity for a variety of commercial enterprises. Inquire today to learn more about leasing options and build-to-suit possibilities.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $470,000

    • CAP approach

      CAP return
      Estimation
      6%
      $505,000
      6.5%
      $440,000
      7%
      $520,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $520,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $500,000
      Retail
      $555,000
      Mixed-Use
      $495,000
      Hospitality
      $495,000
      Educational
      $445,000
      Residential Income
      $535,000
      Energy
      $405,000
      Income-Based Land
      $490,000
      Food Service
      $570,000

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6072
    Latitude
    40.7842
    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
    $14,895
    $49,480
    $108,830
    $158,310
    -
    $148,440
    $326,490
    $474,930

    Comparable in this City

    • Value Estimation by Request
      1.30 Acres

      Orange Prairie Rd

      Land • 1.30 Acres
      0 Orange Prairie Rd, Peoria, IL 61615
      View Details
    • Value Estimation by Request
      7.40 Acres

      5514 War Memorial Dr

      Farms • 7.40 Acres
      5514 War Memorial Dr, Peoria, IL 61615
      View Details
    • Value Estimation by Request
      2.41 Acres

      Cornerstone Ct

      COMMERCIAL (GENERAL) • 2.41 Acres
      Cornerstone Ct, Peoria, IL 61615
      View Details
    • Value Estimation by Request

      714 Detweiller Dr

      COMMERCIAL (GENERAL)
      714 Detweiller Dr, Peoria, IL 61615-2123
      View Details
    • Value Estimation by Request

      1617 Detweiller Dr

      COMMERCIAL (GENERAL)
      1617 Detweiller Dr, Peoria, IL 61615-1630
      View Details
    • Value Estimation by Request
      1.58 Acres

      Wood Sage Rd

      COMMERCIAL (GENERAL) • 1.58 Acres
      Wood Sage Rd, Peoria, IL 61615
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Peoria Commercial Land - Outparcels

      Prime Peoria location, build-to-suit lots.
      8817 Knoxville Ave, Peoria, IL 61615
      View Details
    • $1,500,000
      1.05 Acres

      North Peoria Commercial Land

      5.79 Acres, C2 Zoning, Prime Location
      10023 Knoxville Ave, Peoria, IL 61615
      View Details
    • Contact for pricing
      7.40 Acres

      Peoria Land: Prime Mixed-Use Parcels

      Multiple parcels, ideal retail & multi-family.
      5514 War Memorial Dr, Peoria, IL 61615
      View Details
    • Contact for pricing
      55.00 Acres

      Peoria Industrial Land - 55 Acres

      Prime Peoria industrial land, I-1 zoning.
      2606 Altorfer Dr, Peoria, IL 61615
      View Details
    • Contact for pricing
      1.35 Acres

      Prime Peoria Commercial Land

      1.35 Acres, C-2 Zoning, Wal-Mart Pad
      8915 Allen Rd, Peoria, IL 61615
      View Details
    • $419,482
      2.14 Acres

      Prime Peoria Industrial Land

      2.14-Acre Commercial/Industrial Lot
      2900 Townline Rd, Peoria, IL 61615
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      37,750 SF

      8001 N University: Peoria Office/Industrial

      Peoria, IL: Versatile Office & Warehouse Space
      8001 University St, Peoria, IL 61615
      View Details
    • $7 SF/Yr
      38,400 SF

      Pioneer Parkway Office Suites

      Prime Peoria Office Space Available
      2000 Pioneer Pkwy, Peoria, IL 61615
      View Details
    • $5 SF/Yr
      27,236 SF

      Peoria Industrial Flex Space Available

      Versatile Peoria warehouse/flex space for lease.
      2124 Altorfer Dr, Peoria, IL 61615
      View Details
    • Contact for pricing
      9,075 SF

      Prairie Point Flex Space Build-to-Suit

      Peoria, IL: Prime Flex/Warehouse Opportunity
      8924 Prairie Pt, Peoria, IL 61615
      View Details
    • $18 SF/Yr
      10,880 SF

      Peoria Executive Office Space Available

      Class A Office Suites, Peoria, IL
      9031 Allen Rd, Peoria, IL 61615
      View Details
    • $13 SF/Yr
      12,165 SF

      Prime Peoria Executive Office Space

      12,165 SF Office Building, 5,049 SF Available
      1315 Commerce Dr, Peoria, IL 61615
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7916 Hale Ave
    Peoria, IL 61614
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.