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Property profile & analytics

4541 N Prospect Rd Peoria Heights, IL 61616

  • Commercial real estate
Value Estimation
Last Sale
Sep 18, 2025
Location Intelligence
Property ID
US28-1548494
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 4541 N Prospect Rd

Property type
Commercial real estate
APN
14-22-331-026
APU
1422331026

Description

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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Peoria Heights
County
Peoria
State
Illinois
Longitude
-89.5749
Latitude
40.7436
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$92,592
$240,460
$792,870
$1,033,330
-
$721,380
$2,378,610
$3,099,990
More about this property
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