420 Main St East Peoria, IL 61611
- Commercial real estate
- 0.89 lot acres
Current Use by Public Records
- Green Hill Acupuncture & Herb / Acupuncture Clinic
- Cullinan Properties Ltd / Commercial Real Estate Agency / Corporate Office
- Validus Technologies / Electrical Engineer / Engineering Consultant
- Ragon Motel / Motel
Property Details for 420 Main St
- Lot size
- 0.89 lot acres
- Property type
- Commercial real estate
- APN
- 18-09-210-008
- APU
- 1809210008
Description
This exceptional commercial property at 420 N MAIN Street in East Peoria offers a prime office space opportunity. The building is zoned B-1 and features a single-tenant occupancy, ideal for a variety of businesses. The available space totals 4,580 square feet, located on the 4th floor, and boasts excellent visibility and accessibility from I-74, ensuring convenient access for employees and clients throughout Peoria and Tazewell Counties. This versatile space can be leased as a whole or subdivided into two units: one measuring 2,033 square feet and the other 2,407 square feet. The existing layout includes a thoughtfully designed configuration of executive office spaces, seven private offices, two conference rooms, a welcoming reception area, and a spacious open workspace perfectly suited for cubicles. A dedicated storage room adds to the functionality and convenience of this exceptional office space. The property's land area is 2,409 square feet (APN: 01-01-33-104-004). This is a rare opportunity to secure a prominent location in a thriving East Peoria business district. Don't miss out on this chance to establish your business in a highly visible and accessible location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,615,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,745,000
- 6.5%
- $3,120,000
- 7%
- $2,730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,370,000
- Geo Method
- $2,640,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,225,000
- Retail
- $3,215,000
- Mixed-Use
- $2,695,000
- Hospitality
- $2,855,000
- Educational
- $3,235,000
- Residential Income
- $3,420,000
- Energy
- $2,695,000
- Income-Based Land
- $3,260,000
- Food Service
- $3,140,000
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.5909
- Latitude
- 40.6938
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
