37,750 sf office/retail/warehouse space for sale in North Peoria.
33,750 sf on the main level that is currently set up with four units.
Unit 1A & Unit 1B is leased thru Nov 2027 but can be available to an owner / user with 180 days’ notice to tenant.
1A & 1B is primarily office space with some warehouse in the rear with one 10 x 12 overhead door.
Unit 1D is occupied by Batteries & Bulbs thru September 30, 2030.
Property sits on 4.49 acres and offers abundant surface parking.
Vacant areas include 4,501 SF for lease on main level and an additional 4,207 SF on 2nd level which is elevator served.
Sprinkler system
Tall ceilings allow for a conversion from office to warehouse if needed.
1A & 1B tenant would consider staying longer if a buyer desired.
Located in North Peoria on University St just past Pioneer Parkway.
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.