2004 N University St - Food Processing FOR SALE


Peoria, IL 61604
$2,900,000 USD
309-323-0399
2004 N University St, Peoria, IL for Sale
$2,900,000 USD
Food Processing - FOR SALE
1/22
null | Request Cap Rate

2004 N University St
Peoria, IL 61604


OVERVIEW

Premier hard to find I-74 location ideal for distribution and easy access. This large industrial facility on 4.9 acres was the Prairie Farms Creamery, shipping and distribution center, and is currently used for cross docking. It is comprised of 10 total parcels (see associated docs for parcel list and zoning), and 6 total buildings with 49,773 Sq. Ft., including two office buildings, a freezer building, and a detached garage/warehouse (3776 Sq. Ft.). The main building (2004 N. University) was the creamery, cross-dock warehouse (12,231 Sq. Ft.), loading docks (4,065 Sq. Ft.) and service garage/fuel center (4428 Sq. Ft. w/5000 gal underground fiberglass tank). It features a freight elevator, fire suppression system, lab spaces, and 15 dock doors. The curb, gutters and drainage have been updated, the 10 in. concrete can support heavy trucking, and 6 access points provide easy access to the entire property and access to I-74 one block away. The property has had all glycol and ammonia removed. Resin silo, blo-mold and creamery tanks to be removed on sale.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

ADD'L SUBTYPES

Distribution, Truck Terminal, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

15

DRIVE INS

4

PARKING SPACES

100

LAND DETAILS

LAND ACRES

4.9

LAND SF

213,444

ZONING

I-2

APN/PARCEL ID

14-32-456-005

ASK ABOUT THIS PROPERTY

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.