NOT LISTED FOR SALE

4541 N Prospect Rd Unit LL 2 Peoria Heights, IL 61616

Estimated Value: $4,798,178

-- Bed
-- Bath
-- Sq Ft
1.76 Acres

About This Home

As of February 2022

LOWER LEVEL 2 Space in the former Pabst Executive Building, located in the heart of downtown Peoria Heights. Be with key tenants such as OSF Foundation, technology and financial businesses and local developers. Peoria Heights offers restaurants, shops and parks all within walking distance and right outside the front door. Occupy the light-filled lower level and enjoy the extra common area lounge and bathrooms right off of the passenger elevator. Approximately 1,356 sqft. UTILITIES INCLUDED

Last Agent to Rent the Property

Julie Bielfeldt

Keller Williams Premier Realty License #475177287 Listed on: 01/16/2020

Keller Williams Premier Realty

Last Renter's Agent

Non-Member Non-Member

Non-Member

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $122,172

Year Built

  • Built in 1948

Lot Details

  • 1.76

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, common area maintenance, janitorial, tenant pays
  • The owner pays for structural maintenance, gas, electric, heating, cooling, water/sewer, owner pays

Property Details

Property Type

Other

Est. Annual Taxes

$122,172

Year Built

Built in 1948

Lot Details

0

Rental Info

  • Lease Dollar Sq Ft: 8
  • Lease Type: Net
  • Owner Pays: Structural Maintenance, Gas, Electric, Heating, Cooling, Water/Sewer, Owner Pays Other
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Real Estate Taxes, Insurance, Common Area Maint, Janitorial, Tenant Pays Other
  • Terms Lease: 3 Years

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Office, Retail
  • Lvt Date: 06/11/2019
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Other Flooring
  • Total Building Sq Ft: 45756

Exterior Features

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

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 1.76
  • Zoning: B-4
  • Estimated Land Size: 207x137x239x185
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 122171.88
  • Parcel Id Number Tax Id: 14-22-331-026
  • Tax Incentive: Other Tax Incentive, TIF District
  • Tax Year: 2019

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
02/01/2022 02/01/22 Rented -- -- --
01/01/2022 01/01/22 Under Contract -- -- --
09/27/2021 09/27/21 For Rent -- -- --
07/30/2021 07/30/21 Rented $32,544 -- --
05/22/2019 05/22/19 For Rent -- -- --
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

  • Julie Bielfeldt

    Landlord's Agent in 2022

    Julie Bielfeldt

    Keller Williams Premier Realty

    (309) 360-6686

    15 in this area

    49 Total Sales

    Julie Bielfeldt
    Section Image

  • N

    Tenant's Agent in 2022

    Non-Member Non-Member

    Non-Member

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAPA1205643

RMLS Alliance

APN: 14-22-331-026

Illinois Peoria County Peoria Heights 61616

4541 N Prospect Rd Unit LL 2, Peoria Heights, IL

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