9118 Lindbergh Dr Peoria, IL 61615
- Commercial real estate
- 1.35 lot acres
Current Use by Public Records
- Ashley Worthington / Physician Assistant
- Dermatology & Mohs Surgery Institute / Dermatologist
- Knoxville Square / Grocery Store
- Dr. Jeffrey K. Mckenna, MD / Dermatologist
- Megan Glenn, MMS, PA-C / Dermatologist
Property Details for 9118 Lindbergh Dr
- Lot size
- 1.35 lot acres
- Property type
- Commercial real estate
- APN
- 09-32-455-003
- APU
- 932455003
Description
This exceptional 4,193 square foot Class B medical office building, located at 9118 N. Lindbergh Drive in Peoria, Illinois, presents a compelling investment opportunity. Currently 100% occupied by a dermatology practice under a triple net (NNN) lease, this single-tenant property boasts a strong five-year lease renewal in place, ensuring consistent cash flow. The building features multiple exam rooms, a welcoming reception area, private offices to accommodate various needs, and ample parking for both patients and staff. A covered entry provides convenient and sheltered access, while a dedicated storage/maintenance room adds to the property's functionality. Situated on a 1.347-acre lot, the attractive brick building offers significant potential for long-term growth and stability. The asking price is $700,000, translating to a price per square foot of $166.94. This Peoria County property (zip code 61615) represents a rare chance to acquire a well-maintained, fully occupied medical office building with a secure lease and excellent potential for return on investment. The property's prime location and strong tenant occupancy make it an attractive addition to any investment portfolio.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $470,000
- 6.5%
- $460,000
- 7%
- $475,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $455,000
- Geo Method
- $470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $505,000
- Retail
- $510,000
- Mixed-Use
- $410,000
- Hospitality
- $420,000
- Educational
- $515,000
- Residential Income
- $470,000
- Energy
- $470,000
- Income-Based Land
- $460,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6095
- Latitude
- 40.7985
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA