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    1732 Sheridan Rd Peoria, IL 61604

    Sponsored
    For Sale
    $199,900

    Three buildings, 9,450 sq ft, Opportunity Zone.

    Property size:
    9,450 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents three contiguous commercial buildings totaling 9,450 square feet of versatile mix-use space at 1732, 1738, and 1744 N Sheridan Road in Peoria, Illinois. The property sits on a 0.42-acre lot and offers a unique interior layout. Buildings 1732 and 1738 are interconnected on the main level, and all three buildings share basement access, providing seamless flow and operational efficiency. The space is ideal for a variety of uses, including offices, storage/warehouse, and retail, along with four upper-level apartment units. Significant capital improvements totaling $80,000 have been recently completed, including new roofing with complete removal and full installation at 1732 N Sheridan (August 2023) and 1738 N Sheridan (2020). The property boasts desirable features such as 3-phase electric, a loading dock, and drive-in overhead doors. Its location within an Opportunity Zone (Census Tract # 17143002100) presents significant tax advantages. Benefit from the recent enhancements to the Sheridan Road Commercial Corridor, including a newly engineered streetscape featuring a bike lane, center turn lane, ADA-compliant curbing and sidewalks, and attractive ornamental lighting. Enjoy convenient access to I-74 and other major thoroughfares. This is an affordable acquisition for a business seeking to establish or expand in a rapidly developing area of Peoria. The property is priced at $199,900.

    Property Features for 1732 Sheridan Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,450 SF
    Lot Size
    18,295 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.60332
    Latitude
    40.709

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    FAQs

    What type of property is this?
    Commercial real estate - Three buildings, 9,450 sq ft, Opportunity Zone.
    Where is this commercial real estate located?
    The property is located at 1732 Sheridan Rd Peoria, IL.
    What is the asking price?
    The asking price for this property is $199,900.
    Request Owner's contact information
    1732 Sheridan Rd Peoria, IL 61604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1732 Sheridan Rd Peoria, IL 61604
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