921 War Memorial Dr, Peoria Heights, IL 61616-7655
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.
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.