1315 W Commerce Dr - Office FOR SALE


Peoria, IL 61615- North Peoria
$1,644,947 USD
309-696-7200
1315 W Commerce Dr, Peoria, IL for Sale
$1,644,947 USD
Office - FOR SALE
1/5
null | 9% Cap Rate

1315 W Commerce Dr
Peoria, IL 61615
North Peoria


HIGHLIGHTS

  • 12,176 sf office building
  • Majority tenant (71%) backed by International Publicly Traded Company
  • Two newly signed long-term leases

OVERVIEW

Explore an exceptional investment opportunity in Peoria with this 12,176 SF multi-tenant office building. With an impressive 88% occupancy rate and long-term leases in place, the property offers a stable and lucrative income stream. Recent signings of two long-term leases with 5-year renewal options further enhance its appeal to discerning investors. Providing ample parking for both employees and customers, the well-maintained and attractive exterior adds to the property's desirability. This broker-owned gem represents a compelling chance to secure a valuable asset in a thriving market. Don't miss out on this prime opportunity to enhance your investment portfolio. Broker Owned

FOR SALE DETAILS

PRICE

$1,644,947 USD

PRICE/SF

$135 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Great American Insurance

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

C2

APN/PARCEL ID

09-32-376-002

ASK ABOUT THIS PROPERTY

Daniel MaloofMaloof Commercial Real Estate CoMore Info
309-696-7200

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Daniel MaloofMaloof Commercial Real Estate CoMore Info
309-696-7200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.