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    Property profile & analytics
    OFF-MARKET Estimated value $855,000
    Commercial real estate

    4440 Prospect Rd, Peoria Heights, IL 61616-6556

    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US28-3569691
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Khattab Properties LLC · 2 yrs held
    Khattab Properties LLC
    since 2024
    Last sale
    $855,000
    4 recorded transactions
    2024
    $855,000
    2024
    2017
    2006
    $140,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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