456 FULTON Street 298, Peoria, IL 61602
sale
$300,000
|
Other
Courtesy Of eXp Realty
10,500+ Sq Ft Downtown Peoria Office Space - Iconic Twin Towers Positive Net Annual Cashflow: $53,000 NOI!! Gross Annual Revenue: $112,500 Potential Gross Annual Revenue: $180,000+ Potential Net Operating Income: $121,051 HUGE UPSIDE POTENTIAL! Rare opportunity to own a large office presence in downtown Peoria. Located in the Twin Towers, this offering includes four parcel IDs: 18-09-211-022, 18-09-211-009, 18-09-211-035, 18-09-211-023. Closest Google Pin to Peoria, IL! Establish your business in the heart of Downtown Peoria! Excellent location! Several long-term leases in place: Property is currently generating a Gross Annual Revenue of $112,500. The property produces a positive net annual revenue of $53,000 annually. Selling at a 17.73% Cap Rate! Vacant space could be used for additional income- potential cap rate at full occupancy is over 60%!! HUGE UPSIDE OPPORTUNITY! Layout includes: - Executive Meeting Room - Junior Executive Meeting Room - 16-18 cubicles - 6-8 Private offices - Co-working, reception, break room, storage Office furniture and cubicles (~$60K value) included. Potential SBA 504 eligibility for owner-occupants using 51%+ of space. Access to tenant-occupied areas require accepted LOI for walkthrough. Seller is motivated - Submit your offer for review. Considering all offers!
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Property Features
- Cooling System: Central Air
- Exterior Type: Glass
- Exterior Type: Steel Frame
- Floor Covering: Carpet
- Heating System: Natural Gas
- MLSID: PA1266558
- Roof Type: Flat
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