Property profile

4440 Prospect Rd Peoria Heights, IL 61616

OFF-MARKET
Commercial real estate
Property ID
US28-3569691
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This prime 1,560 square foot retail/office space in Peoria Heights offers a fantastic location on Prospect Road. Previously occupied by a bank, the layout includes an open area, multiple private offices, and a former teller area, providing flexibility for various business needs. The property benefits from high visibility due to its endcap location at a four-way stop, ensuring excellent exposure to traffic on Prospect Road. Its adjacency to Heritage Square provides added convenience and potential synergy with other businesses. Furthermore, the property offers direct access to the Rock Island Trail via the parking lot, providing an attractive amenity for employees and customers. This single-tenant space presents a unique opportunity for businesses seeking a well-situated and versatile office environment in a desirable Peoria Heights location. The building is situated in Peoria County. The property type is classified as retail and office, with a traditional office subtype.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 14-22-452-005
UPID US28-3569691

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4440 Prospect Rd Peoria Heights, IL 61616-6556
Peoria Heights metro Census 4200 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$855k

Owner & transaction history

since 2024
Last sale
$855,000
4 recorded transactions
2024
$855,000
2024
Price N/A
2017
Price N/A
2006
$140,000

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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