Peoria, Illinois, offers a unique investment opportunity with its Specialty Properties for sale. These properties are an attractive option for investors seeking to diversify their portfolios, as they can represent a range of investments, from commercial to industrial and even recreational. Specialty Properties in Peoria can include anything from warehouses and office buildings to shopping centers and land. The city's strategic location, infrastructure, and amenities make it an ideal place to invest in a Specialty Property. Peoria is home to several major corporations, including Caterpillar and OSF Healthcare, and has a strong presence of educational institutions like Illinois Central College and Bradley University. The city's scenic beauty, with the Illinois River running through it, and its rich history, make it an attractive location for businesses and individuals alike. Additionally, Peoria's proximity to major transportation hubs, such as the General Wayne A. Downing Peoria International Airport, makes it easily accessible.
With 5 Specialty Properties for sale in Peoria, investors have a range of options to choose from. These properties offer an average price per square foot of $444 USD and an average size of 497,590 square feet. The largest Specialty Property available is 2,380,048 square feet. In addition to Specialty Properties, Peoria also offers other property types, such as Shopping Centers, which are ideal for retail businesses, Land, which can be used for development or investment, Office Properties, which are perfect for companies looking to establish a presence in the city, and Warehouses, which are great for logistics and distribution companies. The city's diverse economy, strong infrastructure, and amenities make it an attractive location for businesses and individuals alike. Overall, Peoria's Specialty Properties offer a unique investment opportunity that can provide a strong return on investment.
What financing options are available for specialty property purchases?
When it comes to financing specialty property purchases in Peoria, Illinois, there are various options available to investors. For instance, commercial real estate loans (CRE loans), as explained in our article at CRE loans, can provide the necessary funding for acquiring unique properties, such as those with 5 available listings, averaging $444 USD per square foot, and ranging in size from 497,590 square feet to 2,380,048 square feet, with an average cap rate of 6.5%.
