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Property profile & analytics
FOR LEASE
Flex space
215 Taylor St, East Peoria, IL 61611
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1698257
For Lease
1 / 7
$5 SF/Yr
215 Taylor St, East Peoria, IL 61611
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Property summary
AI-generated overview
This exceptional industrial property in East Peoria, Illinois, offers 36,000 square feet of warehouse space available for lease. The building is ideally suited for various industrial uses, including warehouse, distribution, and manufacturing operations. Multiple tenancy options are available, with a minimum leasable space of 10,000 square feet. The property features convenient access with two loading docks and two drive-in doors, ensuring efficient loading and unloading of goods. The warehouse boasts 480-volt, three-phase power, catering to the needs of businesses requiring substantial electrical capacity. The space is secure, heated, and equipped with a sprinkler system, providing a safe and comfortable working environment. Located at 215 Taylor St, East Peoria, IL 61611, this property offers a strategic location for businesses seeking efficient logistics and distribution capabilities within the region. The property is perfect for short-term or long-term storage and distribution needs. Contact us today to learn more about leasing opportunities and pricing.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1965
Total area
49,540 SF
Lot
1.67 ac (72,745 SF)
APN
01-01-33-309-001
UPID
US28-1698257
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
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$740k
Owner & transaction history
215 Taylor LLC · 4 yrs held
215 Taylor LLC
since 2022
Last sale
$850,000
5 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
Method
Estimation
Statistic approach
$615,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,160,000
Current use
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $850k (Feb 24 2022)
Last sale anchor
$850k
Feb 24 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$15 / SF
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
$13,683
Tax year 2023
Assessed value
$141,350
Assessed 2023
Previous assessed
$141,350
+0.0% YoY
Effective rate
9.68%
On assessed value
Assessed land
$79,480
Assessed improvement
$61,870
Land market value
$238,440
Improvement market value
$185,610
Total market value
$424,050
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1965
Heating
NONE
Stories
1
Total area
49,540 SF
Lot
1.67 ac (72,745 SF)
APN
01-01-33-309-001
UPID
US28-1698257
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
215 Taylor LLC
Entity
Mailing address
440 MAMARONECK AVE, HARRISON, NY 10528-2418
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2023
—
215 Taylor LLC
—
Deed
related
$1,600,000 · Busey Bank
Feb 24, 2022
$850,000
215 Taylor LLC
Consolidated Properties Series 215
Warranty Deed
$949,861 · First Mid Bank & Trust NA
Sep 9, 2013
—
Consolidated Properties LLC
Huff,merle G & Carol R
Quit Claim Deed
related
—
Aug 10, 1999
$1,650,000
Merle G Huff
Scher Trust
Grant Deed
$1,300,000 · Citizens Equity FCU
—
—
Consolidated Properties LLC Se
—
Deed Of Trust
related
$720,000 · Citizens Equity First Cu
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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