8116 N Hale Ave, Peoria, IL, 61615

8116 N Hale Ave Peoria, IL 61615

8116 N Hale Ave, Peoria, IL, 61615
8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615 8116 N Hale Ave, Peoria, IL, 61615
FOR SALE
Property Type:
Single Tenant Office
Amount:
$2,822,400
Last Verified:
Apr 18, 2024

Highlights

  • 28,800 sf office building on ±4 acres
  • 25,200 sf main level w/ 3,600 sf upper level
  • 90kVa Liebert UPS (uninterruptible power supply)
  • Full facility 400KW CAT generator & 400Amp main disconnect
  • Newly installed LED lighting inside and out & fiber optics
  • Full facility water softener, updated full facility access control system
  • Upgraded facility security camera system
  • Covered front patio & parking for ±300 vehicles
  • The main level offers a 9,400 sf call center style workspace,
  • power & data drops from the ceiling, 5,300 sf flexible workspace,
  • and a large remodeled commercial employee kitchen
  • Upper level has elevator access and offers 4 office/conference rooms,
  • a hospitality station, janitorial closet, 2 full restrooms,
  • and potential IDF (intermediate distribution frame) space.
  • The large east conference room has raised floor with embedded infrastructure.

Description

Discover a prime investment opportunity in this 28,800 SF office building in Peoria, IL. Renovated in 2016 and zoned I-1 Industrial/Business Park, this property offers a spacious 25,200 SF main level with a 3,600 SF upper level. 9,400 SF call center-style workspace and a 5,300 SF flexible workspace on the main level. The building features a large remodeled commercial kitchen, multiple conference rooms, newly installed LED lighting, an upgraded security camera system, and a modern access control system. With a covered front patio and parking for approximately 300 vehicles, this property is ideal for a prospective office building investor seeking a versatile and well-equipped space.

Located in Peoria, IL, the area surrounding the property offers a dynamic mix of business and leisure amenities. With convenient access to major highways and transportation routes, the location provides ease of connectivity for employees and clients. Nearby, the vibrant commercial district bustles with a variety of dining options, shopping centers, and entertainment venues, creating a lively atmosphere for potential tenants and investors. The area also hosts several renowned educational institutions, contributing to a well-educated and skilled talent pool. Additionally, the presence of beautiful parks and recreational facilities enhances the work-life balance for those considering the property. Experience the synergy of business, convenience, and community in this prime Peoria location.

Building Size: 28800sq ft
Building Class: B
Lot Size: 4.53 acres

Map of 8116 N Hale Ave, 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.