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607 N. Main Street
Peoria, IL 61602
Asking Price
Contact for price
Asset Type
Traditional Office Office
Class
Class B
What's Special
Office | 9.00% CAP | 30,697 SqFt <p>This government office was constructed in 1972 and is comprised of 40,697 square feet situated on 0.57 acres of land.</p><p>This office is 100% occupied by the Illinois Department of Corrections operating under a gross lease structure with 3% annual rent increases every 2 years. There are 3 years of lease remaining. High Ratings was assigned the state of Illinois a credit rating of A-.</p><p>The Illinois Department of Corrections (IDOC) is the state agency responsible for operating Illino
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
