421 E Moneta Ave
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421 E Moneta Ave
23,200 SF Specialty Building Offered at $1,976,580 CAD at a 8.80% Cap Rate in Peoria Heights, IL 61616
Executive Summary
The property, spanning 25,350 SF, features 89 self-storage units and 6 additional rentable spaces for warehouse or commercial use. There is a 65' x 50' two story warehouse, a 5,500 SF building with 3 contractor bays, a 1,600 SF 2nd floor storage unit, and 2 offices with a kitchen and full bathroom/shower. Current occupancy is at 65% allowing future owners to maximize rents on the vacant units. Vacancy rate is high (and does not reflect historical occupancy) as the property had a fire recently and ownership has repaired and renovated the affected units.
421 Moneta is an excellent opportunity for a professional operator to capture new business through true marketing efforts and also provides an opportunity for significant expansion through the construction of new units.
421 Moneta is an excellent opportunity for a professional operator to capture new business through true marketing efforts and also provides an opportunity for significant expansion through the construction of new units.
Property Facts
| Price | $1,976,580 CAD | Building Class | C |
| Price Per SF | $85 CAD | Lot Size | 1.27 AC |
| Sale Type | Investment | Building Size | 23,200 SF |
| Cap Rate | 8.80% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1998/2024 |
| Property Subtype | Self-Storage | Parking Ratio | 0.69/1,000 SF |
| Price | $1,976,580 CAD |
| Price Per SF | $85 CAD |
| Sale Type | Investment |
| Cap Rate | 8.80% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 23,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1998/2024 |
| Parking Ratio | 0.69/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 14-21-477-046 | Improvements Assessment | $132,274 CAD |
| Land Assessment | $31,269 CAD | Total Assessment | $163,543 CAD |
PROPERTY TAXES
Parcel Number
14-21-477-046
Land Assessment
$31,269 CAD
Improvements Assessment
$132,274 CAD
Total Assessment
$163,543 CAD
zoning
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
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421 E Moneta Ave
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