Property profile

235 Mdw Ave East Peoria, IL 61611

OFF-MARKET
Medical Office Space
Property ID
US28-2328499
1,257 SF 0.44 ac lot Built 1977
Entity Owned 5-yr Hold ~ Est. High Equity
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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

Location

235 Mdw Ave East Peoria, IL 61611-2807
East Peoria metro Census 20301 PEORIA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2021
Last sale
$155,000
5 recorded transactions
2021
Price N/A
2021
$155,000
2017
Price N/A
2012
$120,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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