235 Mdw Ave, East Peoria, IL 61611-2807
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.