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Property profile & analytics
FOR LEASE
Commercial real estate
2619 W Heading Ave, West Peoria, IL 61604
Individually Owned
Free & Clear
Property ID
US28-5004701
For Lease
1 / 19
$18 SF/Yr
2619 W Heading Ave, West Peoria, IL 61604
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Property summary
AI-generated overview
The Woodridge Professional Building, a 18,206 square foot office building situated on a 5.06-acre wooded lot in West Peoria, Illinois (zip code 61604), presents a unique leasing opportunity. Built in 1937, this property offers a variety of office spaces, ideal for small businesses and entrepreneurs. Multiple furnished suites are available, ranging in size from a minimum of 80 square feet to a maximum contiguous space of 724 square feet
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
APN
18-06-327-007
UPID
US28-5004701
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Barbra And Hugh Kerns Rlt
Barbra And Hugh Kerns Rlt
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Peoria submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,108
Tax year 2023
Assessed value
$151,330
Assessed 2023
Previous assessed
$151,330
+0.0% YoY
Effective rate
8.66%
On assessed value
Assessed land
$31,000
Assessed improvement
$120,330
Land market value
$93,000
Improvement market value
$360,990
Total market value
$453,990
Applied tax rate
92.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Heating
NONE
APN
18-06-327-007
UPID
US28-5004701
Jurisdiction
PEORIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Barbra And Hugh Kerns Rlt
Individual
Free & Clear · 0 yrs held
Mailing address
1109 W MOSS AVE, PEORIA, IL 61606-1735
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2025
—
Barbra And Hugh Kerns Rlt
Hugh D Kerns
Deed
related
—
Sep 6, 2024
—
Barbara And Hugh Kerns Rlt
Hugh D Kerns
Intrafamily Transfer
related
—
Apr 8, 2021
—
H Dan Kerns
Shirley Ann Litwiller
Deed
—
Mar 23, 2007
—
Hugh D Kerns
—
Trustees Deed
related
$225,000 · First Bank
Mar 29, 2005
—
Hugh D Kerns
—
Trustees Deed
related
$75,000 · First Bank
Dec 16, 2004
—
Kerns H D
—
Trustees Deed
related
$230,000 · Helen Litwiller
Jun 2, 2004
—
Hugh D Kerns
Critten Centers
Warranty Deed
related
—
—
—
Hugh D Kerns
—
Deed Of Trust
related
$207,667 · First Mid Illinois Bk & Tr NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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