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1028 Adams St Peoria, IL 61602

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For Sale
$3,200,000

Luxury Apartments, Prime Location

Property size:
29,232 SF

Property Features for 1028 Adams St

General Information

Property type
Other commercial real estate
Square Feet
29,232 SF

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Listing Contact
Mark Wagner

Listing Agency: Professional Leasing & Real Estate Services Listing Agent: Mark Wagner

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 44-unit apartment building, constructed in 2017, is situated in the vibrant heart of Peoria's Warehouse District at 1028 SW Adams Street. The property boasts a total of 29,232 square feet and offers a unique blend of modern urban living with desirable amenities. Each of the 44 units features floor-to-ceiling windows, maximizing natural light and showcasing the building's stylish design. A variety of thoughtfully designed floor plans cater to diverse tenant needs and preferences. Residents enjoy convenient access to an on-site laundry facility, 24-hour secured access, a secure lower-level parking garage, and the peace of mind provided by on-site maintenance. Further enhancing the resident experience are a dedicated pet area/courtyard and a convenient elevator. Adding to the property's versatility, the main floor currently includes a vacant commercial space, presenting a significant opportunity for additional income generation through leasing or conversion into two additional apartment units. This property represents a compelling investment opportunity in a thriving urban setting. The building's modern construction, desirable location, and comprehensive amenities combine to create a highly sought-after residential community. The vacant commercial space offers significant potential for expansion and increased revenue streams. This is a rare chance to acquire a well-maintained, high-occupancy property in a rapidly developing area of Peoria. The asking price is $3,200,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Persimmon Lofts Apartment Building Fuller Brows Microblading Hair Salon Jessica Fuller Cosmetic Store

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Law Firm Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.60138
Latitude
40.6839

FAQs

What type of property is this?
Commercial real estate - Luxury Apartments, Prime Location
Where is this commercial real estate located?
The property is located at 1028 Adams St Peoria, IL.
What is the asking price?
The asking price for this property is $3,200,000.
More about this property
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