Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2416 Adams St Peoria, IL 61602
    Back to Search
    Property profile & analytics

    2416 Adams St, Peoria, IL 61602

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US28-0912107
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2416 Adams St

    Property type
    Commercial real estate
    APN
    18-17-330-002
    APU
    1817330002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 20, 2002 — Triple R Windows INC J K G Enterprises INC Quit Claim Deed · related —
    Jul 5, 2000 $590,000 Jkg Enterprises INC South Side Trust & Sav Bk Peor Grant Deed $515k · South Side Trust & Sav Bank
    May 4, 2000 — South Side Trust & Sav Bk Peor Hci Heinz Construction Trustees Deed · related —
    May 4, 2000 $525,000 South Side Trust & Sav Bk Peor Hci Heinz Construction Trustees Deed · related —
    — — Hci Heinz Construction INC — Deed Of Trust · related $579k · South Side Trust & Sav Bk Peor

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6166
    Latitude
    40.6735
    CBSA code
    37900
    CBSA name
    PEORIA, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $230
    $2,430
    $10
    $2,440
    -
    $7,290
    $30
    $7,320

    Comparable in this City

    • Value Estimation by Request

      May St

      COMMERCIAL (GENERAL)
      May St, Peoria, IL 61602
      View Details
    • Value Estimation by Request

      1326 Adams St

      COMMERCIAL (GENERAL)
      1326 Adams St, Peoria, IL 61602
      View Details
    • Value Estimation by Request

      3011 Adams St

      COMMERCIAL (GENERAL)
      3011 Adams St, Peoria, IL 61602-1972
      View Details
    • Value Estimation by Request

      Adams St

      COMMERCIAL (GENERAL)
      Adams St, Peoria, IL 61602
      View Details
    • Value Estimation by Request

      Adams St

      COMMERCIAL (GENERAL)
      Adams St, Peoria, IL 61602
      View Details
    • Value Estimation by Request

      Adams St

      COMMERCIAL (GENERAL)
      Adams St, Peoria, IL 61602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,626 SF

      Downtown Peoria Office Condominium

      6,626 SF office space with downtown views for sale.
      456 Fulton St, Peoria, IL 61602
      View Details
    • Contact for pricing
      11,096 SF

      Downtown Peoria Office Building

      11,096 SF office building in downtown Peoria for sale.
      207 SW Adams St, Peoria, IL 61602
      View Details
    • Contact for pricing
      1,863 SF

      Historic Peoria Bar For Sale

      Turn-key neighborhood bar with rich history and excellent cashflow.
      1923 SW Adams St, Peoria, IL 61602
      View Details
    • $3,788,000
      40,697 SF

      Government Office Building Investment

      Institutionally leased government office with 100% occupancy under a gross lease and scheduled rental increases.
      607 Main St, Peoria, IL 61602
      View Details
    • Contact for pricing
      16,972 SF

      Downtown Peoria Multi-Use Commercial Property

      Multi-use commercial property with restaurant in downtown Peoria.
      311-313 Main St, Peoria, IL 61602
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      229,040 SF

      Prime Peoria Office Space Available

      Class A Office Suites, River Views
      419 Main St, Peoria, IL 61602
      View Details
    • $6 SF/Yr
      39,588 SF

      Twin Towers Mall Office Space

      Peoria, IL Office Suites Available
      456 Fulton St, Peoria, IL 61602
      View Details
    • Contact for pricing

      Loft Style Space For Lease

      Street-level loft space in warehouse district, suitable for office/fitness.
      428 SW Washington St, Peoria, IL 61602
      View Details
    • Contact for pricing

      Historic Office Building in Downtown

      Premier office spaces in a vibrant downtown location.
      416 Main St, Peoria, IL 61602
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 408 SW Washington St.
      408 SW Washington St, Peoria, IL 61602
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      3,111 SF space with covered and rooftop parking.
      114 NE Madison Ave, Peoria, IL 61602
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2416 Adams St
    Peoria, IL 61602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2416 Adams St, Peoria, IL, 61602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!