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Professional Office Building

NEW PRICE

Professional Office Building

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Significant Upside Opportunity | 55 Percent Available for Lease


Conveniently Located Near Route 150 and Interstate 74
Well-Maintained Property
Over 17,000  Vehicles per Day Travel Past the Property

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3100 North Dries Lane, Peoria, IL 61604

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Request Offering Memorandum

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Market Summary

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Price                               $699,000

Cap Rate Pro Forma      6.02%

NOI Pro Forma              $42,087 

Rentable SF                   10,124 SF

Price per SF                   $69.04

Year Built                        1979

Lot Size                           .79 Acres

Description

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Marcus & Millichap is pleased to present 3100 North Dries Lane in Peoria, Illinois.  The property is a multi-tenant office building located at the corner of Dries Lane and West Forest Hills Avenue, minutes from Route 150 and Interstate 74.  The building, constructed in 1979, is all brick with a pitched asphalt shingle roof.

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The property comes with a large upside opportunity for more tenants, or excellent for an investor/user to occupy and lease any extra space.  The building has been very well-maintained over the years.  The owner, who occupies part of the property is retiring and moving out of state.  He is divesting all of his real estate assets and will entertain all offers.

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