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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

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.
More about this property
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