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Property profile & analytics

322 War Memorial Dr Peoria, IL 61614

  • Commercial real estate
Value Estimation
$390,000
Last Sale
Jun 24, 2021
$425,000
Location Intelligence
Property ID
US28-0516926
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

  • Stadium Place / Business Center

Property Details for 322 War Memorial Dr

Property type
Commercial real estate
APN
14-28-403-014
APU
1428403014

Description

This Peoria, Illinois office building at 322 E War Memorial Dr offers 7,452 square feet of leasable space in a Class B building constructed in 1965. The property is zoned CN and located in Peoria County, zip code 61614. The building consists of one structure with two suites, offering flexible tenancy options. Available space ranges from a minimum of 700 square feet to a maximum contiguous space of 2,150 square feet, ideal for a variety of business needs. The main level space, directly accessible from the front entrance, offers excellent visibility and is conveniently located across from Peoria Stadium. High traffic counts of 27,600 cars per day provide significant exposure, further enhanced by a prominent pylon sign on War Memorial Drive. The property is suitable for executive office or traditional office uses. This presents a unique opportunity to secure office space in a high-traffic location with competitive rental rates. Inquire today to learn more about this exceptional opportunity.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $395,000
  • CAP approach

    CAP return
    Estimation
    6%
    $335,000
    6.5%
    $335,000
    7%
    $325,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $335,000
    Geo Method
    $380,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $320,000
    Retail
    $295,000
    Mixed-Use
    $355,000
    Hospitality
    $320,000
    Educational
    $310,000
    Residential Income
    $330,000
    Energy
    $305,000
    Income-Based Land
    $280,000
    Food Service
    $305,000

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.5891
Latitude
40.7317
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
$13,897
$53,510
$94,190
$147,700
-
$160,530
$282,570
$443,100
More about this property
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