3526 California Ave Peoria, IL 61603

This exceptional investment opportunity presents a fully leased, two-story brick office building situated at 3526 N California Ave, Peoria, IL 61603. The property encompasses 7,776 square feet across ten units, offering a diverse tenant mix of professionals, non-profits, and service businesses all on annual leases. Boasting a 9.75% cap rate and a strong net operating income (NOI) of $39,022, this value-add property presents significant potential. The building features 23 parking spaces and sits on a 7,500 square foot lot, zoned CN/COMM. Constructed in 2018 and renovated in 2023, the property benefits from recent capital improvements including roof replacements (2020-2021), parking lot resurfacing (2015), and HVAC system upgrades (four units updated since 2018). The asking price is $400,000, or $40,000 per unit, and a price per square foot of $51. Financial statements, including rent rolls and P&L statements, are available upon request for qualified buyers. Showings are by appointment only, following the submission of an accepted Letter of Intent. This is a prime opportunity for investors seeking a stable, high-yielding asset in a desirable Peoria location.