700 Main St, Creve Coeur, IL 61610-3879
This exceptional 4,828-square-foot flex warehouse building, situated on a 1.17-acre lot in East Peoria, Illinois, presents a compelling investment opportunity. Constructed in 2006 by Gilbert Construction, the property boasts excellent condition and a versatile layout. Features include a small office area, a restroom with a shower, and two distinct warehouse/shop areas. Access is provided by three overhead drive-in doors. The building is equipped with in-floor heat, two tankless water heaters, and a 200-amp electrical service. The western portion offers 15-foot ceilings, two 12x10 overhead doors, and ample open shop space. The eastern area features 10-foot ceilings, one overhead door, and additional open space. A significant advantage is the pre-installed air compressor and compressed air lines throughout. A hoist is potentially available for separate negotiation. The property is zoned B3 and offers a single tenancy. The asking price is $395,000, translating to $81.81 per square foot. This single-story building presents a rare combination of functionality and location, making it ideal for a variety of commercial uses.
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
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.