Illinois Dept. of Corrections & DCF
Peoria, IL Downtown Peoria

$6,225,000 USD

Office For Sale • 62,697 SF

2 Properties View all

Property Details

Property Type Office

40 Transit Score

70 Walk Score

                
                    Highlights
                
                                Fully leased to the Illinois Department of Corrections and DCFS under a gross lease structure.
                            
                                State agency guarantor ensures strong credit and solid investor security.
                            
                                Lease term in place through November 2030 provides steady income for nearly four more years.
                            
                                Central Peoria location with accessibility to major road networks and surrounding business infrastructure.
                            
                                62,697 SF of rentable area on a 1.03-acre site supports institutional occupancy requirements.
                            
                                Attractive 9.00% cap rate with current NOI of $560,189 for strong yield potential.