1616 - 1620 W Chanute Rd, Peoria, IL, 61615

1616 - 1620 W Chanute Rd Peoria, IL 61615

1616 - 1620 W Chanute Rd, Peoria, IL, 61615
1616 - 1620 W Chanute Rd, Peoria, IL, 61615 1616 - 1620 W Chanute Rd, Peoria, IL, 61615 1616 - 1620 W Chanute Rd, Peoria, IL, 61615 1616 - 1620 W Chanute Rd, Peoria, IL, 61615 1616 - 1620 W Chanute Rd, Peoria, IL, 61615 1616 - 1620 W Chanute Rd, Peoria, IL, 61615 1616 - 1620 W Chanute Rd, Peoria, IL, 61615 1616 - 1620 W Chanute Rd, Peoria, IL, 61615 1616 - 1620 W Chanute Rd, Peoria, IL, 61615 1616 - 1620 W Chanute Rd, Peoria, IL, 61615
FOR SALE FOR LEASE
Property Type:
Warehouse
Amount:
$6,500,000
Last Verified:
Oct 23, 2024

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Highlights


Description

Introducing an exceptional opportunity for Industrial / Warehouse / Distribution investors – a 178,920 SF property comprising 2 buildings with 4 occupied units located in Peoria, IL. With a strategic location in the Peoria area, the property provides excellent access to key transportation routes, enhancing logistical efficiency.

107,496 sf industrial space

This prime location offers convenient access to a range of amenities and attractions, including premier shopping destinations and entertainment options. With close proximity to a variety of dining establishments, hotels, and business services, the area provides an attractive setting for prospective investors. Additionally, the property benefits from easy access to major transportation routes, enhancing its appeal for businesses seeking a well-connected location in the heart of Peoria.


Year Built: 1976
Building Size: 178920sq ft
Lot Size: 7.41 acres


Documents

1616-1620 Chanute.sale
1616-1620 Chanute.lease

Units for Lease

1616 - 1620 W Chanute
Space Available: 107496 SF
Lease Type: NNN

Price Per Sqft/Year: $3.75

Map of 1616 - 1620 W Chanute Rd, Peoria, IL, 61615

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.