200 Macarthur HwyPeoria, IL 61605

  • Commercial real estate
  • 3.00 AC
For Lease
$14/SF/YR View listing

Property Details for 200 Macarthur Hwy

Lot size
3.00 AC
Property type
Commercial real estate
APN
18-08-281-026
APU
1808281026

Description

This exceptional Peoria, Illinois commercial property, Valley Park Shopping Center, offers 9,300 square feet of immediately available executive office space within a thriving retail center. Located at 200 N MacArthur Hwy, 61605, this multi-tenant building boasts a total of 22,900 square feet, situated on a 3-acre lot in Peoria County. The available space is divisible into units ranging from a minimum of 3,000 square feet to a maximum contiguous space of 6,300 square feet, providing flexibility for various business needs. The property enjoys excellent visibility and frontage along MacArthur Highway, enhanced by prominent signage opportunities. Ample on-site parking and four points of access ensure convenient access for both employees and clients. This prime location benefits from a co-tenancy with established businesses such as Cefcu and City Fashion, and the added convenience of an on-site gas station. The signaled intersection provides optimal visibility and accessibility, making this an ideal location for businesses seeking high traffic exposure and a strong presence in the Peoria market. This is a rare opportunity to secure high-quality office space in a well-established and highly visible retail center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $27,008,144
    Hospitality
    $24,739,316
    Educational
    $20,582,820
    Medical
    $21,290,694
    Retail
    $32,017,720
200 Macarthur Hwy, Peoria, Illinois

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.6909
Longitude
-89.6071
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
$29,416
$48,880
$263,770
$312,650
-
$146,640
$791,310
$937,950

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