7800 Sommer St Peoria, IL 61615
- Commercial real estate
- 3.14 lot acres
Current Use by Public Records
- OSF Rehabilitation / Medical Center / Medical Clinic
- Benjamin Deig / Chiropractor / Medical School
- Code Ninjas / Learning Center / After School Program
- Eagle Rock Insurance Services / Life Insurance Agency / Insurance Agency
- Power Zone / Personal Trainer
Property Details for 7800 Sommer St
- Lot size
- 3.14 lot acres
- Property type
- Commercial real estate
- APN
- 14-08-201-019
- APU
- 1408201019
Description
Parkway Plaza, located at 7800 N Sommer St in Peoria County, offers exceptional coworking and retail opportunities. This Class B property, built in 1999, boasts a total of 25,000 square feet on a 7.16-acre lot, zoned C-2. Currently, five individual units are available for lease, ranging in size from 1,200 to 1,763 square feet. The spaces are in excellent condition, with several move-in ready, providing immediate occupancy for businesses. The property features a convenient storefront design, ideal for maximizing visibility and foot traffic. Ample parking is available both in the front and rear of the building, ensuring convenient access for tenants and their clients. The strategic location offers direct access to the Rock Island Trail, providing a pleasant amenity for employees and visitors. Competitive rental rates are available, making this an attractive investment for businesses seeking a prime location in North Peoria. The property's multiple tenancy structure allows for flexibility and diverse occupancy. This retail and office space presents a unique opportunity to establish a thriving business in a well-maintained and conveniently located building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $345,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $505,000
- 6.5%
- $490,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $545,000
- Mixed-Use
- $470,000
- Hospitality
- $535,000
- Educational
- $500,000
- Residential Income
- $430,000
- Energy
- $505,000
- Income-Based Land
- $455,000
- Food Service
- $495,000
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6112
- Latitude
- 40.7817
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
