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421 E Moneta Ave 23,200 SF Specialty Building Offered at $1,709,129 CAD at a 9.86% Cap Rate in Peoria Heights, IL 61616
INVESTMENT HIGHLIGHTS
- 95 Unit Self-Storage & Garage Facility
- 77% Occupied w/ ZERO MARKETING
- Renovated in 2024/2025
EXECUTIVE SUMMARY
The property, spanning 25,350 SF, features 89 self-storage units and 6 additional rentable spaces for warehouse or commercial use. There is a 65' x 50' two story warehouse, a 5,500 SF building with 3 contractor bays, a 1,600 SF 2nd floor storage unit, and 2 offices with a kitchen and full bathroom/shower. Current occupancy is at 77% allowing future owners to maximize rents on the vacant units. Vacancy rate is high (and does not reflect historical occupancy) as the property had a fire recently and ownership has repaired and renovated the affected units.
421 Moneta is an excellent opportunity for a professional operator to capture new business through true marketing efforts and also provides an opportunity for significant expansion through the construction of new units.
421 Moneta is an excellent opportunity for a professional operator to capture new business through true marketing efforts and also provides an opportunity for significant expansion through the construction of new units.
PROPERTY FACTS
| Price | $1,709,129 CAD | Building Class | C |
| Price Per SF | $73.67 CAD | Lot Size | 1.27 AC |
| Sale Type | Investment | Building Size | 23,200 SF |
| Cap Rate | 9.86% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1998/2024 |
| Property Subtype | Self-Storage | Parking Ratio | 0.69/1,000 SF |
| Zoning | Commercial - Commercial | ||
| Price | $1,709,129 CAD |
| Price Per SF | $73.67 CAD |
| Sale Type | Investment |
| Cap Rate | 9.86% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 23,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1998/2024 |
| Parking Ratio | 0.69/1,000 SF |
| Zoning | Commercial - Commercial |
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PROPERTY TAXES
| Parcel Number | 14-21-477-046 | Improvements Assessment | $142,175 CAD |
| Land Assessment | $33,604 CAD | Total Assessment | $175,778 CAD |
PROPERTY TAXES
Parcel Number
14-21-477-046
Land Assessment
$33,604 CAD
Improvements Assessment
$142,175 CAD
Total Assessment
$175,778 CAD
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421 E Moneta Ave
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