For Sale
For Sale
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Year Built
1965
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Total Building Size
30,400 RSF
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Overview
The City of Peoria is located along the Illinois River and is centrally located between Chicago and St. Louis. The metro population consists of approximately 375,000 residents compromised of five surrounding counties. Peoria is home to Caterpillar, a fortune 500 company and one of the 30 companies compromising the Dow Jones Industrial Average with over 15,000 employees. The area boasts strong demographics with an average income of $68,793 within a 3 mile radius of the subject property. The health care industry has become a major part of Peoria's economy, accounting for at least 25% of the workforce. The city has two major hospitals: OSF Saint Francis Medical Center and Unity Point Health Methodist. In addition, the Children's Hospital of Illinois, the University of Illinois College of Medicine at Peoria, and the Midwest Affiliate of St. Jude Children's Research Hospital are located in the city. The property is located off of War Memorial Drive, which is the main East-West thoroughfare through the city with approximately 41,000 CPD. The subject property benefits from excellent visibility from War Memorial Drive. 30,400 sq ft building located on Brandywine Drive with visibility from War Memorial. Property is approximately 93% occupied. Existing tenants include Eye Glass World, Interstate Batteries, Allstate Insurance, Don’s Sweeper sales & Service, Euphoria Aerial Arts and one vacant 2,126 SF former salon. There is an outdoor dock in the rear for semi deliveries that can be utilized by a common hallway for several tenants to access. Zoned C1 and has approximately 65 parking spaces. New roof in 2019. New HVAC in Suite E in 2019. New parking lot in 2021. Additional garage space below available for storage or potential for more rental income.
Property Details
The City of Peoria is located along the Illinois River and is centrally located between Chicago and St. Louis. The metro population consists of approximately 375,000 residents compromised of five surrounding counties. Peoria is home to Caterpillar, a fortune 500 company and one of the 30 companies compromising the Dow Jones Industrial Average with over 15,000 employees. The area boasts strong demographics with an average income of $68,793 within a 3 mile radius of the subject property. The health care industry has become a major part of Peoria's economy, accounting for at least 25% of the workforce. The city has two major hospitals: OSF Saint Francis Medical Center and Unity Point Health Methodist. In addition, the Children's Hospital of Illinois, the University of Illinois College of Medicine at Peoria, and the Midwest Affiliate of St. Jude Children's Research Hospital are located in the city. The property is located off of War Memorial Drive, which is the main East-West thoroughfare through the city with approximately 41,000 CPD. The subject property benefits from excellent visibility from War Memorial Drive. 30,400 sq ft building located on Brandywine Drive with visibility from War Memorial. Property is approximately 93% occupied. Existing tenants include Eye Glass World, Interstate Batteries, Allstate Insurance, Don’s Sweeper sales & Service, Euphoria Aerial Arts and one vacant 2,126 SF former salon. There is an outdoor dock in the rear for semi deliveries that can be utilized by a common hallway for several tenants to access. Zoned C1 and has approximately 65 parking spaces. New roof in 2019. New HVAC in Suite E in 2019. New parking lot in 2021. Additional garage space below available for storage or potential for more rental income.
- Property TypeRetail, Office
- Year Built1965
- Sale Price$1,768,000
- Total Building Size30,400RSF
- Total Acres1.56
- Total Available2,126RSF
- Largest Contiguous2,126RSF
- Sale StatusAvailable
- Last updatedFeb 03, 2023
- Property ID372770
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