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    114 Evans St Princeville, IL 61559

    For Sale
    $160,000

    Versatile building, high potential, great location.

    Property size:
    7,281 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This 7,281 square foot commercial building located at 114 E Evans Street in Princeville, Illinois, presents a unique investment opportunity. Situated in the heart of Princeville's business district, this property boasts a prime location with high visibility and accessibility. Previously operating as a grocery store, the building offers a wealth of adaptable space. A former deli area features existing build-outs, making it ideally suited for a restaurant conversion. The current cargo door provides ample opportunity for the installation of a loading dock, perfect for retail or distribution businesses. The building's robust construction lends itself to various uses, including multi-tenant occupancy. The substantial square footage allows for creative layouts and diverse business models. This property is a blank canvas for entrepreneurs and investors seeking a strong foundation for their next venture. Its central location within the thriving Princeville business district ensures high foot traffic and excellent exposure. The adaptable layout and solid structure offer significant potential for a variety of commercial uses, making it an exceptional investment opportunity. The asking price is $160,000. Don't miss this chance to acquire a versatile commercial property in a desirable location.

    Property Features for 114 Evans St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,281 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop Bar & Pub Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeville
    County
    Peoria
    State
    Illinois
    Longitude
    -89.75695
    Latitude
    40.93127

    Nearby Comparable

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      Prime Princeville Commercial Property

      Versatile building, great location, $160,000
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      Vacant land with pole barn near Princeville, Illinois.
      16520 N Mendenhall Rd, Princeville, IL 61559
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    Nearby Similar for Sale

    • $55,000
      2,816 SF

      Princeville Commercial Building - Great Value

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile building, high potential, great location.
    Where is this commercial real estate located?
    The property is located at 114 Evans St Princeville, IL.
    What is the asking price?
    The asking price for this property is $160,000.
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    114 Evans St Princeville, IL 61559
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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
    114 Evans St Princeville, IL 61559
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