2601 W Altorfer - Warehouse/Showroom...2601 W Altorfer - Warehouse/Showroom Regional Map. BRUCE HAGE...

2601 West AltorferPeoria, IL 61615

2601 W Altorfer - Warehouse/Showroom

Flex Property For Sale/Owner-Occupy

BRUCE HAGEVice President - [email protected]

CORE3PM.COM1716 RT Dunn Drive Suite 4

Bloomington, IL 61701

BRUCE HAGE CORE3PM.COMVice President - Broker309.808.2125 1716 RT Dunn Drive Suite [email protected] Bloomington, IL 61701

SALE PRICE $1,350,000

OFFERING SUMMARY

Available SF: 9,375 - 43,560 SF

Lot Size: 6.08 Acres

Year Built: 1997

Building Size: 30,735 SF

Renovated: 2002

Zoning: Enterprise

Traffic Count: 19,400

Price / SF: $43.92

PROPERTY HIGHLIGHTS

• Desirable Business District on Peoria's North side

• Enterprise Zone

• Showroom/Warehouse

• 5 Steel-framed Buildings

• 2 enclosed loading docks with drive thru

• High Ceilings

• Ample Parking

• Over 40,000 sf of covered storage

• Close to Interstate

• Concrete Surfaces

• Fenced Out-lot

2601 West Altorfer, Peoria, IL 616152601 W Altorfer - Warehouse/Showroom

Executive Summary

PROPERTY INFORMATION

Section 1





Core 3 is pleased to present the exceptional opportunity to acquire a 100%fee-simple interest in the Industrial/Showroom Flex-Space at located at 2601 W.Altorfer in Peoria, Illinois. The Property consists of two parcels (6.03 Acres)housing 5 free standing steel buildings. Building 1 (21,360 sf) is divided into a5760sf Office/Showroom, an 8,000sf Heated Warehouse, a 7,000sf UnheatedWarehouse and an enclosed, 2-bay Loading Dock. Building 2 (9,375sf) is anenclosed Unheated Warehouse. Building 3 (1,898sf) is a 3-sided steel buildingwith a cantilever racking system. Building 4 (5,673sf) is a 3-sided steel buildingand Building 5 (1,898sf) is a free standing "T-shed" with cantilever racking.Building 1 was constructed in 1997 for Hundman Lumber. Over the next fouryears, 4 structures were added, the out-lot was surfaced in concrete and theproperty was enclosed by fence. to Peoria, Illinois, home to the 12,000 personCaterpillar workforce. The population of 211,900 within a ten-mile radius is ripewith a skilled labor force.

PROPERTY OVERVIEW

The subject property is located near the northwestern edge of Peoria, Illinois.The population of Greater Peoria is approximately 211,900. The subjectproperty is located at 2601 West Altorfer just south of the Walmart Plaza on N.Allen Road. The subject property is located in close proximity to Interstates 74,474 and Rt.6.

LOCATION OVERVIEW


Property & Location Overview


Property Name: 2601 W Altorfer - Warehouse/Showroom

Property Address: 2601 West Altorfer, Peoria, IL 61615

Property Type: Industrial

APN: 14-06-300-013, 14-06-300-017

Lot Size: 6.08 AC

Building Size: 30,735 SF

Gross Leasable Area: 30,735 SF

Zoning: Enterprise

Rail Access: No

Parking Spaces: 28

Year Built: 1997

Number of Stories: 1

Mezzanine: Over Showroom & Office

Number of Units: 1

Power: Ameren


Property Details & Highlights



Additional Photos

LOCATION INFORMATION

Section 2





Peoria, IL


Regional Map



Retailer Map



Aerial Maps



Site Plan

DEMOGRAPHICS

Section 3





POPULATION 15 MILES 10 MILES 5 MILES

Total population 318,356 211,903 80,911

Median age 37.6 36.8 40.1

Median age (Male) 36.1 35.1 37.5

Median age (Female) 39.1 38.5 42.6

HOUSEHOLDS & INCOME 15 MILES 10 MILES 5 MILES

Total households 129,175 87,099 34,911

# of persons per HH 2.5 2.4 2.3

Average HH income $67,952 $67,631 $83,716

Average house value $143,064 $144,386 $181,074

* Demographic data derived from 2010 US Census


Demographics Map & Report

IN THE MIDDLE OF EVERYWHERE• Central location • Within a day’s drive of half the population

GREATER PEORIAGREATER POSSIBILITIES

WHY GREATER PEORIA? 10 REASONS

There Are Greater Possibilities For Your Business — In Greater Peoria

We’re Here To Help

Kim Uhlig Director Of Business Attraction

309.241.6319 [email protected]

LOWER MANUFACTURING

WAGES

35.6% Lower than Atlanta

20.0% Lower than Dallas

17.7% Lower than Chicago

14.4% Lower than St. Louis

LOW COST OF LIVING

17.5% Lower than Chicago

10.5% Lower than Denver

6.5% Lower than Madison

AVAILABLE REAL ESTATE

Office

Warehouse

Manufacturing

Retail

Shovel-Ready Industrial Parks

BUSINESS INVESTMENTS

Annual R&D $1 Billion

2016 Exports $30 Billion

Caterpillar Inc. 12,000 area employees

AFFORDABLE REAL ESTATE

100,000-square-foot warehouse space

Dallas: $7.2 Million

Peoria: $4.1 Million

Difference: $3.1 Million

43% Lower!

AVAILABLE SKILLED WORKFORCE

195,000 Workers

80% Under Age 54

90%+ High School Graduates

25% Bachelor’s Degree (or higher)

MANUFACTURING FOCUS

15% of Workforce

Nationally-Ranked College of Engineering & Technology

BUSINESS- FRIENDLY

Forbes: Top 10 Places to Start

CNN: Top 15 Places to Locate

INTERMODAL HUB

Peoria barge terminal navigable year-round

5 Class I and 6 Shortline railroads

Peoria International Airport

3 major interstate highways

WAGES LOWER THAN NATIONAL

AVERAGES

Manufacturing: 2.6% lower

Logistics: 14% lower

Plastics/Rubber: 15% lower

Chemicals: 11% lower

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• Global connections• Available workforce• Affordable wages• Low cost of living• Low cost of doing business• Hands-on support• Committed partners


LIMITING DISCLOSURES

Core 3 hereby advises all prospective purchasers of this investment property as follows:The Marketing Brochure was prepared by Core 3, an independent firm. It contains selected information pertaining to the Propertyand does not purport to be all-inclusive nor contain all of the information that a prospective purchaser may desire. Theinformation contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Core 3 hasnot and will not verify any of this information, additionally, Core 3 makes no guarantee, warranty or representation whatsoeverabout the accuracy or completeness of any information provided. As the Buyer of investment property, it is the Buyer’sresponsibility to independently confirm the accuracy and completeness of all material information before completing anypurchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investmentopportunity. An opportunity to inspect the Property will be made available to qualified prospective purchasers. The Owner andCore 3 expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase theProperty and/or to terminate discussions with any party at any time with or without notice. Owner shall have no legal commitmentor obligation to any purchaser reviewing this Offering Memorandum or making an offer to purchase the Property unless a writtenagreement for the purchase of the Property has been fully executed, delivered, and approved by the Owner. This MarketingBrochure is the property of the Core 3 and its contents are of a confidential nature. All information contained must be held andtreated in the strictest confidence. The contents may only be used by parties approved by the Core 3 or the Owner. By acceptingthis Marketing Brochure you agree to release Core 3 and the Owner's and hold them harmless from any kind of claim, cost,expense, or liability arising out of your investigation


Limiting Disclosures Investment Property


BRUCE HAGE

Vice President - Broker

[email protected]: 309.808.2125

CORE 31716 RT Dunn Drive Suite 4

Bloomington, IL 61701309.808.2125


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