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    OFF-MARKET
    Commercial real estate

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

    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US28-2532928
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Glk Heights Properties LLC · 2 yrs held
    Glk Heights Properties LLC
    since 2023
    5 recorded transactions
    2023
    2022
    $770,000
    2019
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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