For Sale
$999,000

3000 Main StEast Peoria, IL 61611

Multi-Tenant Office Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully leased, multi-tenant office complex situated at 3000-3004 N Main St, East Peoria, IL 61611. The property encompasses 8,378 square feet across three units within two single-story buildings, constructed in 1998. The building boasts a desirable B3 zoning classification and ample parking with 35 spaces on a 1.43-acre lot featuring a 6-inch poured concrete surface. Currently operating at 100% occupancy, the property generates a strong NOI of $51,268, translating to a compelling 7.65% cap rate. The asking price is $999,000, representing a price per square foot of $119.24. Tenants include Physicians Mutual (3,441 sq ft), JBN Title (1,496 sq ft), and a dental lab (3,441 sq ft plus a 324 sq ft garage with an 8-foot overhead door). The property is offered as an owner/user investment with a NNN lease structure. This prime location on Main Street in East Peoria offers excellent visibility and accessibility. The property's strong tenant base, high occupancy rate, and attractive financial metrics make it an ideal investment for discerning buyers seeking a stable and profitable commercial real estate asset.

Highlights

  • $999,000 asking price for an 8,378 SF multi-tenant office building.
  • Located at 3000 N Main St, East Peoria, IL 61611, on a 1.43-acre lot.
  • 100% occupied with three tenants: Physicians Mutual, JBN Title, and a dental lab.
  • Features two, one-story buildings totaling 8,378 square feet, built in 1998.
  • Offers a 7.65% cap rate with a Net Operating Income (NOI) of $51,268.
  • Priced at $119.24 per square foot.

Property Details for 3000 Main St

Property type
Office properties, Medical offices
Square Feet
8,378 SF
Class
B
Year Built
1998
Buildings
2
Stories
1
Lot Size (sq. ft)
62,291 SF
Units
3

Location Insight

City
East Peoria
County
Tazewell
State
Illinois
Latitude
40.69976
Longitude
-89.53724
3000 Main St, East Peoria, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3000 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message