322 War Memorial Dr Peoria, IL 61614
- Commercial real estate
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
-
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
