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Property profile & analytics
OFF-MARKET
Retail space
100 Mdw Ave, East Peoria, IL 61611-2804
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US28-1858079
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Total area
2,400 SF
Lot
0.64 ac (27,878 SF)
APN
01-01-34-304-001
UPID
US28-1858079
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Timothy L Gay · 1 yrs held
Timothy L Gay
since 2025
Last sale
$210,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Peoria submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,643
Tax year 2023
Assessed value
$120,270
Assessed 2023
Previous assessed
$120,270
+0.0% YoY
Effective rate
9.68%
On assessed value
Assessed land
$18,070
Assessed improvement
$102,200
Land market value
$54,210
Improvement market value
$306,600
Total market value
$360,810
Applied tax rate
1,013.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1973
Heating
NONE
Stories
2
Units
4
Total area
2,400 SF
Lot
0.64 ac (27,878 SF)
APN
01-01-34-304-001
UPID
US28-1858079
Jurisdiction
TAZEWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
2
Units
4
Lot
0.64 ac
Current owner
From public records · entity-resolved
Timothy L Gay
Individual
Mailing address
100 MDW AVE, EAST PEORIA, IL 61611-2804
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2025
—
Timothy L Gay
Timothy L Gay
Deed
related
—
May 5, 2021
—
Timothy L Gay
—
Deed
related
$243,035 · Morton Community Bank
Nov 13, 2020
—
Timothy L Gay
—
Deed
related
$100,667 · Morton Community Bank
Oct 31, 2019
—
Timothy L Gay
—
Deed
related
$55,000 · Morton Community Bank
Feb 8, 2010
—
Timothy L Gay
—
Trustees Deed
related
$397,418 · Morton Community Bank
Jan 31, 2007
—
Timothy L Gay
—
Trustees Deed
related
$60,628 · Morton Community Bank
Dec 15, 2000
$210,000
Timothy L Gay
Oehrlein,ronald L & Patricia A
Grant Deed
$165,000 · Morton Community Bank
—
—
Kevin R Mesichner
—
Deed Of Trust
related
$6,000 · Associated Bank
—
—
Kevin R Meischner
—
Deed Of Trust
related
$5,000 · First Financial Bank Fsb
—
—
Timothy L Gay
—
Deed Of Trust
related
$268,630 · Morton Community Bank
—
—
Timothy L Gay
—
Deed Of Trust
related
$421,361 · Morton Community Bank
—
—
Timothy L Gay
—
Deed Of Trust
related
$693,800 · Pekin Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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