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    FOR LEASE
    Commercial real estate

    4541 N Prospect Rd, Peoria Heights, IL 61616

    Entity Owned Free & Clear
    Property ID
    US28-1548494
    Property summary
    AI-generated overview

    This exceptional commercial property, located in the heart of Downtown Peoria Heights, offers a unique opportunity for businesses seeking prime office space. The 1.76-acre site features a single, 45,756 square foot building constructed in 1948 and zoned B-4. The property boasts 15 total parking spaces, providing ample convenience for tenants and their clients. Currently, there are multiple suites available, ranging in size from a minimum of 963 square feet to a maximum contiguous space of 6,400 square feet. Specifically, Suite 400 offers 6,400 square feet, Suite 105 offers 1,330 square feet, and Suite 302 offers 1,445 square feet. This location provides excellent access to a variety of amenities, including restaurants, shops, and parks, all within walking distance. The building is situated amongst key tenants such as a tasting room, technology and financial businesses, and local developers, creating a vibrant and dynamic business environment. The property's address is identified by APN 14-22-331-026 in Peoria County. This is a rare opportunity to establish a presence in a thriving downtown area with convenient access to numerous local attractions and a strong business community. The building's single-tenant structure offers a unique opportunity for a larger business to occupy the entire space or for multiple smaller businesses to lease individual suites.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 14-22-331-026
    UPID US28-1548494
    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
    $2.38M
    Owner & transaction history
    Tjw LP
    Tjw LP
    since 2025
    7 recorded transactions
    2025
    2025
    2025
    $2.5M
    2019
    $4.0M
    2018
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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