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    201 NE Adams St Peoria, IL 61602

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    For Sale
    $699,000

    Two-story commercial building with usable basement in central business district.

    Property size:
    12,658 SF
    Lot size:
    0.19 Acres

    Property Features for 201 NE Adams St

    General Information

    Size
    12,658 SF
    Lot size
    0.19 Acres

    Source: Joseph & Camper Commercial Agent Will Hayes

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

    Overview

    Downtown Commercial Building For Sale

    This two-story block and concrete commercial building is available for sale in the central business district, situated on the corner of Adams and Hamilton. The building provides a total of 12,658 square feet above grade, with each of the first and second floors offering 6,329 square feet. An additional 6,329 square feet of usable space is available in the basement, which features tall ceilings. The heavy concrete construction on a steel deck allows for the potential addition of more stories. A freight elevator provides access to all three levels of the building. The property is equipped with 400 amp 440 volt electrical service. A small warehouse area is located on the east side of the building, complete with an overhead drive-in door. The basement and second level can be utilized as office, retail, or warehouse/storage space. The property benefits from a prime downtown location, adjacent to the Peoria County Courthouse and the Caterpillar Administration building, and is located one block from the new OSF Headquarters.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distillery Labs Research And Product Development DeKroyft-Metz & Co., Inc. Equipment Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5882765
    Latitude
    40.6929619

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    FAQs

    What type of property is this?
    Office building - Two-story commercial building with usable basement in central business district.
    Where is this office building located?
    The property is located at 201 NE Adams St Peoria, IL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Prime downtown location adjacent to the Peoria County Courthouse and the Caterpillar Administration building, and one block from the new OSF Headquarters.; - Substantial 12,658 sf above grade, plus an additional 6,329 sf of usable basement space with tall ceilings.; - Heavy concrete construction on steel deck allows for additional stories to be built.
    (309) 643-0717
    Request Owner's contact information
    201 NE Adams St Peoria, IL 61602
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    201 NE Adams St
    Peoria, IL 61602
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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
    201 NE Adams St Peoria, IL 61602
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