Financial
Distress signals
Property profile

222 NE Monroe St Peoria, IL 61602

FOR LEASE
Other commercial real estate
Property ID
US28-2647676
Last sale Mar 2026 · $1,225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A downtown office building located in Peoria’s Central Business District, with convenient access to Interstate 74 and positioned directly across from the Four Points by Sheraton. The building includes multiple available office areas, including a 2,118-square-foot main-floor suite, an entire 8th-floor area, and a separate 2,392-square-foot office offering on the 9th floor. The property provides opportunities for building signage and offers views of the river and surrounding cityscape. Its…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$47k
Tax billed · 2023
Assessed value$501k
Assessed land$172k
Assessed improvement$329k
Effective rate9.41%

Value estimate

· Sep 2026
$3.38M
$3.04M – $3.72M
NOI build-up
Gross scheduled income$44k
Vacancy & credit loss−$8k
Operating expenses−$9k
NOI · 248,672.73% cap applied$27k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$109/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$47 – $167

Cap rate analysis

How does the asset earn?
248,672.73%
$27k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPEORIA

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility11.5
Auto Parts Store10.1
Garden Center9.9

Location

222 NE Monroe St Peoria, IL 61602
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
214 Pecan St, Peoria, IL 61602-1640 $3,000,000 Feb 2026 No data
2119 Adams St, Peoria, IL 61602-1801 $165,000 Dec 2025 No data
2723 Adams, Peoria, IL 61602 $75,000 Dec 2025 No data
2028 Adams St, Peoria, IL 61602-1720 $60,000 Oct 2025 No data
718 Adams St, Peoria, IL 61602-1605 $200,000 Aug 2025 No data
720 Adams St, Peoria, IL 61602-1605 $200,000 Aug 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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