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    OFF-MARKET
    Industrial properties

    1320 Raber Rd, Peoria, IL 61604-4708

    0.57 ac lot
    Entity Owned 14-yr Hold Free & Clear
    Property ID
    US28-1806669
    Property summary
    AI-generated overview

    This unique Peoria, IL property, located at 1320 N Raber Road, offers a compelling investment opportunity. Built in 1970, this two-building complex sits on a sizable lot and includes a fenced outdoor area and an additional parcel of land. The main structure, a former concrete plant with a rich history dating back to World War II, presents a multitude of redevelopment possibilities. Imagine transforming this space into a thriving mechanical shop, a secure storage facility, or even a unique parking area. The existing warehouse features four 12-foot overhead doors, robust 6-8 inch thick concrete floors, and 14-foot ceilings. A partial restroom and tool storage room are roughed-in, and a loft area provides additional space. A finished office space with a half bath is also included, with potential for conversion into an apartment. The property boasts a 7.5 HP 175 PSI 80-gallon tank air compressor, gas line access, and the added benefit of railroad tracks located directly behind the property. The property is situated in West Peoria's industrial zone, conveniently off Farmington Road, and offers significant potential for a variety of commercial or industrial uses. The asking price is $180,000.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Lot 0.57 ac (24,829 SF)
    APN 17-01-253-005
    UPID US28-1806669
    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
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    Blend (final) Blend
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    Owner & transaction history
    Szentes Concrete INC · 14 yrs held
    Szentes Concrete INC
    since 2011
    7 recorded transactions
    2011
    $40,000
    1969
    1969
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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