8305 Allen RdPeoria, IL 61615

  • Commercial real estate
  • 2.92 AC
For Lease
$15.70/SF/YR View listing

Property Details for 8305 Allen Rd

Lot size
2.92 AC
Property type
Commercial real estate
APN
14-06-300-010
APU
1406300010

Description

This exceptional commercial property, located at 8305 N Allen Road in Peoria, Illinois (zip code 61615), offers a single-tenant, 2,300 square foot office suite within the Summit Crossing development. The property is zoned for commercial use and features a tastefully renovated interior with modern updates. The suite boasts a welcoming reception area, five private offices or exam rooms (ideal for medical or professional uses), a convenient kitchen, and a bathroom. The current lease expires January 31st, 2026, but the landlord is open to extending the lease term. This location benefits from excellent visibility and high traffic counts due to its placement on Allen Road. Ample parking is available for tenants and clients. The property's convenient access to the interstate makes commuting easy. The suite is perfect for a variety of businesses, including medical practices, spas, wellness centers, or professional offices. An adjacent suite is also available for sublease should additional space be required. The property's APN is 14-06-300-010. Other tenants in the Summit Crossing complex include a chiropractic office, hair salon and spa, event venue, and engineering office, creating a diverse and thriving business community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $26,287,886
    Hospitality
    $24,079,562
    Educational
    $20,033,914
    Medical
    $20,722,910
    Retail
    $31,163,864
8305 Allen Rd, Peoria, Illinois

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.7885
Longitude
-89.632
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,218
$187,020
$275,200
$462,220
-
$561,060
$825,600
$1,386,660

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