4541 N Prospect Rd, Peoria Heights, IL 61616
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.