Property profile

921 War Memorial Dr Peoria Heights, IL 61616

OFF-MARKET
Commercial real estate
Property ID
US28-2532928
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 921 E War Memorial Drive, presents a prime retail and/or office opportunity. Situated at the highly visible, signalized intersection of War Memorial Drive/Route 150 and North Monroe Avenue, this property boasts daily traffic counts exceeding 26,000 vehicles. The building, encompassing 12,048 square feet across two stories, offers 4,000 square feet of immediately available space. This space is divisible into two units: a 1,300-square-foot unit currently built out for retail use, and a 2,700-square-foot vanilla shell unit. Both units benefit from desirable features including mezzanine space, private restrooms, and shared utilities prorated per square foot. The property is zoned B-2 and features frontage on both War Memorial Drive/Route 150 and Monroe Avenue, providing excellent access and high visibility. The property's APN is 14-27-155-030. Across the highway sits the new Beck's gas station complex, further enhancing the location's appeal. This is an ideal location for businesses seeking high visibility and significant foot and vehicle traffic. The property is a single building with multiple suites.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 14-27-155-030
UPID US28-2532928

Cap rate & NOI

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

Location

921 War Memorial Dr Peoria Heights, IL 61616-7655
Peoria Heights metro Census 4300 PEORIA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2022
$770,000
2019
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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