2014-2016 Knoxville Ave - Office FOR SALE


Peoria, IL 61603- West Peoria
$899,000 USD
309-696-7200
2014-2016 Knoxville Ave, Peoria, IL for Sale
$899,000 USD
Office - FOR SALE
1/12
null | 7.25% Cap Rate

2014-2016 Knoxville Ave
Peoria, IL 61603
West Peoria


OVERVIEW

Introducing a prime investment opportunity at 2014-2016 N. Knoxville Ave., Peoria, IL. This 6,119 SF building, comprising 3 units, offers a lucrative prospect for office building investors. Built in 1995 and recently renovated in 2016, the property is well-maintained and zoned as an CG General Commercial District. Currently boasting a 55.5% occupancy rate, it presents a solid foundation for future growth. With NNN Retail/Office Center attributes, abundant parking, high visibility, and monument signage on Knoxville Avenue, this property is designed to attract tenants. Furthermore, the owner is willing to provide a convenient up to 1-year leaseback option, adding an attractive incentive for potential buyers.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

CG

APN/PARCEL ID

14-33-452-013

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.