Peoria, Illinois, is a city with a rich history, and its warehouses for sale offer a unique investment opportunity. As the oldest permanent European settlement in the state, Peoria has a strong foundation for businesses to grow and thrive. Warehouses in Peoria can represent a variety of investments, from industrial properties to distribution centers, and even converted residential spaces. With its strategic location on the Illinois River, Peoria offers easy access to transportation infrastructure, including the Greater Peoria Mass Transit District, General Wayne A. Downing Peoria International Airport, and several state routes. Additionally, the city is home to major employers like Caterpillar, CEFCU, and OSF Healthcare, making it an attractive location for businesses. The city's amenities, such as the Peoria Civic Center, Grandview Drive, and the Peoria Park District, also contribute to its appeal. With 6 warehouses for sale, Peoria is an ideal location for businesses looking to establish a strong presence in the region.
Peoria's warehouses for sale offer a range of opportunities for investors. With an average price per square foot of $66 USD and an average size of 27,290 square feet, these properties can accommodate a variety of business needs. The largest warehouse available is 55,632 square feet, providing ample space for large-scale operations. In addition to warehouses, Peoria also offers industrial properties, land, residential income homes, and commercial real estate for sale. Industrial properties in Peoria offer a range of opportunities for manufacturing and distribution businesses, while land provides a blank canvas for development. Residential income homes can provide a steady stream of revenue, and commercial real estate offers a range of opportunities for businesses looking to establish a presence in the area. With its strong economy and diverse range of industries, Peoria is an attractive location for businesses looking to invest in the region.
What are the key features investors look for in warehouses in Peoria?
When searching for warehouses in Peoria, investors typically look for key features that ensure a profitable and efficient operation, including:
- Average price per square foot of $66 USD, with an average size of 27,290 square feet, and a maximum size of 55,632 square feet, to accommodate their specific business needs.
- A desirable location with easy access to major transportation infrastructure, such as Illinois Route 6, Illinois Route 8, Illinois Route 29, Illinois Route 40, Illinois Route 91, and Illinois Route 116, as well as proximity to the General Wayne A. Downing Peoria International Airport and the Greater Peoria Mass Transit District.
- A competitive average cap rate of 8.24%, which indicates a strong potential for return on investment, and with 6 available listings, investors have a range of options to choose from.
What size warehouses are available to buy in Peoria?
Warehouses for sale in Peoria range in size from 27,290 square feet to 55,632 square feet, with 6 available listings to choose from, offering a variety of options for businesses and investors alike.
How much does it cost to buy a warehouse in Peoria?
When it comes to buying a warehouse in Peoria, the cost can vary depending on several factors, including the size and location of the property, with the average price per square foot being $66 USD and the average size of available warehouses being 27,290 square feet, with some properties reaching up to 55,632 square feet, and an average cap rate of 8.24%.
