NOT LISTED FOR SALE

4541 N Prospect Rd Unit 200 Peoria Heights, IL 61616

Estimated Value: $4,798,178

-- Bed
-- Bath
-- Sq Ft
1 Acres

About This Home

As of June 2018

Office space available in the former Pabst building in lovely downtown Peoria Heights. Join key tenants such as OSF Foundation and Pettet Jewelry Designs. Peoria Heights also boasts several of the area's main attractions, such as Junction City Shopping Center, the Country Club of Peoria, Tower Park, Forest Park Nature Center, and Grandview Drive. Generous tenant allowance available. Free private parking in lot behind building. Asking rent is $8-15 SF, NNN.

Last Agent to Rent the Property

Bob Howard

RE/MAX Traders Unlimited License #471019772 Listed on: 12/19/2017

RE/MAX Traders Unlimited

Last Renter's Agent

PAAR-NON RMLSA AGENT

Non-MLS License #0000000000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,533

Year Built

  • Built in 1948

Lot Details

  • 1

Utilities

  • Forced Air Zoned Heating and Cooling System

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, common area maintenance, electric, tenant pays
  • The owner pays for owner pays

Property Details

Property Type

Other

Est. Annual Taxes

$2,533

Year Built

Built in 1948

Lot Details

0

Rental Info

  • Lease Dollar Sq Ft: 12
  • Lease Type: Net
  • Owner Pays: Owner Pays Other
  • Sale Lease Includes: Sale/Lease Other
  • Tenant Pays: Real Estate Taxes, Insurance, Common Area Maint, Electric, Tenant Pays Other
  • Terms Lease: 3 Years

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office
  • Lvt Date: 12/19/2017
  • Year Built: 1948
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpeted
  • Total Building Sq Ft: 33394

Exterior Features

  • Exterior Finish: Brick
  • Frontage Access: Paved 4Lane, Corner Lot, City Street
  • Insulation: Party Walls
  • Roof Construction: Tar/Gravel
  • Wall Construction: Frame

Utilities

  • Cooling: Individual Control
  • Heating: Forced Air, Electric

Lot Info

  • Zoning: B-1
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 2533
  • Parcel Id Number Tax Id: Pabst Building
  • Estimated Taxes Sq Ft: 1.1
  • Tax Incentive: None
  • Tax Year: 2006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2025
Sold by
Ph Executive Plaza Llc
Bought by
Tjw Lp
Current Estimated Value
$4,798,178

Purchase Details

Closed on
Jan 22, 2025
Sold by
Kdb Group Llc
Bought by
Ph Executive Plaza Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,640,000
Interest Rate
6.85%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tjw Lp -- None Listed On Document
Tjw Lp -- None Listed On Document
Ph Executive Plaza Llc $2,500,000 None Listed On Document
Ph Executive Plaza Llc $2,500,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ph Executive Plaza Llc $2,640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2018 06/07/18 Rented $1,132,000 0.0% --
05/23/2018 05/23/18 Under Contract -- -- --
12/19/2017 12/19/17 For Rent $1,132,000 -- --
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $96,191 $1,126,330 $262,100 $864,230
2023 $92,592 $1,033,330 $240,460 $792,870
2022 $94,801 $1,033,330 $235,650 $797,680
2021 $115,373 $1,235,050 $235,650 $999,400
2020 $120,222 $1,235,050 $235,650 $999,400
2019 $122,172 $1,260,260 $240,460 $1,019,800
2018 $38,087 $395,350 $76,650 $318,700
2017 $38,218 $399,340 $77,420 $321,920
2016 $36,730 $399,340 $77,420 $321,920
2015 $35,465 $391,510 $75,900 $315,610
2014 $35,694 $382,130 $74,080 $308,050
2013 -- $382,130 $74,080 $308,050
Source: Public Records

Agents Affiliated with this Home

  • B

    Landlord's Agent in 2018

    Bob Howard

    RE/MAX

    Section Image

  • P

    Tenant's Agent in 2018

    PAAR-NON RMLSA AGENT

    Non-MLS

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Map

Source: RMLS Alliance

MLS Number: RMAPA7033202

RMLS Alliance

APN: 14-22-331-026

Illinois Peoria County Peoria Heights 61616

4541 N Prospect Rd Unit 200, Peoria Heights, IL

This home is located at 4541 N Prospect Rd Unit 200, Peoria Heights, IL 61616 since 19 December 2017 and is currently priced at $4,798,178. This property was built in 1948. 4541 N Prospect Rd Unit 200 is a home located in Peoria County with nearby schools including Peoria Heights Grade School, Peoria Heights High School, and Montessori School of Peoria.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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