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    OFF-MARKET
    Medical Office Space

    235 Mdw Ave, East Peoria, IL 61611-2807

    1,257 SF 0.44 ac lot Built 1977
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US28-2328499
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 235 Meadow Avenue in East Peoria, Illinois, 61611, presents a fantastic opportunity for medical professionals or businesses seeking a well-appointed space. Priced at $115,000, this property offers a versatile layout ideal for expansion or a new venture. The building features a welcoming reception area, three private offices, and a large room with a private restroom, easily adaptable as a fourth office or conference room. A convenient kitchen/breakroom and a second restroom accessible from the hall add to the functionality. Ample parking is available for staff and clients. The property also includes a full basement, providing substantial storage space. For those seeking a lease option, a 12-month lease is available at $1400 per month, requiring a security deposit. Utilities, renter's insurance, and common area maintenance are the responsibility of the tenant. This property is situated in a great location, making it an attractive option for businesses looking to establish or grow their presence in East Peoria. The property is classified as both Commercial and Medical Office and is situated on land. The property's latitude and longitude coordinates are 40.6666395 and -89.5535133 respectively.

    Property profile
    Verified
    Property type Medical Office Space
    Use group DENTAL BUILDING
    Year built 1977
    Total area 1,257 SF
    Lot 0.44 ac (19,166 SF)
    APN 01-01-34-303-020
    UPID US28-2328499
    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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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Quigg Engineering INC · 5 yrs held
    Quigg Engineering INC
    since 2021
    Last sale
    $155,000
    5 recorded transactions
    2021
    2021
    $155,000
    2017
    2012
    $120,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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