7131 N Knoxville Ave

$1,250,000

7131 N Knoxville Ave, Peoria, IL 61614

For Sale

Office Building

Active

Last Updated: 09/25/2025

Details:

Building Size: 14,427 sqft

Lot Area: 2.6331 acres

Class: B

Units: 4

Year Built: 1950

Floors: 1

Offered by

Will Hayes

Broker

Joseph & Camper

Request Info to Unlock

Description:

14,427 SF Office Building situated on a large 2.63-acre site.
Built in 1950 with numerous updates and well-maintained throughout.
Perfect opportunity for an owner/user seeking to occupy part of the building while generating income from existing tenants.
Development upside: Ample site size allows potential to construct an additional building.
Property is currently configured with four commercial units.
Existing tenants in place provide stable income: Central Illinois Orthodontics Associates (lease through 8/31/2028) & Hawke Media (lease through 5/31/2028).
Two units available:
1,350 SF space available now — mostly open layout with reception area. Recently updated with new carpet, Electrical/data wiring.
5,393 SF space available January 2026 — includes reception, 10 private offices, conference room, 19 workstations, lunchroom, file/copy room, and 2 restrooms.
Recent capital improvements include: Roof sealed (2023),
Parking lot resurfaced (2024).
Common areas and restrooms fully remodeled (2024).
High-visibility location on Knoxville Avenue with approx. 25,600 CPD.
Abundant parking with 60+ spaces.
Full financials available upon request.

KELLAR HEIGHTS SE 1/4 SEC 8-9-8E BEG NE COR LOT 43: TH S 249.14' W 409.28' NW 274.,5' E 523.97' TO POB BEING ALL LOTS 28 THRU 32, 41 THRU 43, PT LOTS 16, 17 & & PT VAC KERWOOD DR ADJ THERETO.