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Property profile

4701 University St Peoria, IL 61614

OFF-MARKET
Commercial real estate
Property ID
US28-2564923
1.45 ac lot
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional Peoria, IL office space, located at 4701 N University St, Suite B, offers 2,400 to 6,566 contiguous square feet within a single-story, 16,510 square foot building. Recently renovated in 2021, the space boasts a 10-foot ceiling height and features a conference room, five private offices, a kitchen, and an open floor plan with rear storage. The suite is situated on the lower level and is part of a multi-tenant building with a total of two suites. Ample parking is provided with 101 spaces available. The property is zoned C2 and has a Peoria County APN of 14-20-327-018. The minimum divisible space is 2,400 square feet, ideal for a variety of businesses. This location offers easy access via the cross street, Marlene. The asking rate is $8.00 per square foot, NNN. Don't miss this opportunity to secure your ideal office space in a prime Peoria location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.45 ac (63,162 SF)
APN 14-20-327-018
UPID US28-2564923

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
1969
Price N/A
1969
Price N/A

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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