3605 Parish Ave Peoria, IL 61604
- Commercial real estate
- 1.37 lot acres
Current Use by Public Records
- Alliance Movers Peoria / Mover
Property Details for 3605 Parish Ave
- Lot size
- 1.37 lot acres
- Property type
- Commercial real estate
- APN
- 14-29-401-012
- APU
- 1429401012
Description
This exceptional investment opportunity presents a fully leased, 23,454 square foot industrial distribution/flex building in Peoria, Illinois. The property, located at 3605 N Parish Avenue, boasts a strong Net Operating Income (NOI) of $156,876, resulting from a 100% occupancy rate under a triple net (NNN) lease with Red Bull. The lease is a five-year term with two five-year renewal options, providing long-term stability and minimal landlord responsibilities. The building features two loading docks, two overhead doors, and ample concrete parking. Situated on a 3.05-acre lot, the property also includes adjacent land zoned for potential future development, offering significant upside for the savvy investor. The strategic location along War Memorial Drive (US Rt. 150) provides easy access to I-74, serving a substantial population within a three-mile radius with a high average household income. The asking price is $2,850,000, representing a price per square foot of $121.51. This is a rare opportunity to acquire a high-performing, net-leased industrial property with significant growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6097
- Latitude
- 40.7316
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
