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1800 N Knoxville Ave 8,900 SF 100% Leased Retail Building Peoria, IL 61603 $2,270,629 CAD ($255.13 CAD/SF) 6.69% Cap Rate
Investment Highlights
- BELOW MARKET IN PLACE RENTS | 2.4 YEAR WALT
- DOMINANT MEDICAL SYSTEM SHADOW ANCHOR | OSF HEALTHCARE
- 1.5 MILES FROM DOWNTOWN PEORIA | 76% INCREASE IN DAYTIME POPULATION
- DIVERSE TENANT LINEUP & INCOME STREAM
- DIRECT EXPOSURE TO KNOXVILLE ROAD | PROXIMITY TO INTERSTATE 74
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in 1800 Knoxville Avenue, Peoria, IL. The offering represents an opportunity to acquire a 100% occupied 7-unit retail building with direct exposure to Knoxville Avenue.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
8,900 SF
Building Class
B
Year Built
2005
Price
$2,270,629 CAD
Price Per SF
$255.13 CAD
Cap Rate
6.69%
NOI
$151,872 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.83 AC
Frontage
350’ on Knoxville Avenue
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-04-211-004 | Improvements Assessment | $257,260 CAD |
| Land Assessment | $129,315 CAD | Total Assessment | $386,575 CAD |
Property Taxes
Parcel Number
18-04-211-004
Land Assessment
$129,315 CAD
Improvements Assessment
$257,260 CAD
Total Assessment
$386,575 CAD
Contacts
-
Emily Gadomski -
Nicholas Kohlmann -
George Ghattas -
Mid-America Real Estate Corp.
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1800 N Knoxville Ave
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