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    3709 N Sheridan Rd Peoria, IL 61614

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    For Sale
    $114,000

    Mixed-use building with commercial space and residential apartment.

    Property size:
    1,463 SF
    Lot size:
    0.64 Acres

    Property Features for 3709 N Sheridan Rd

    General Information

    Size
    1,463 SF
    Lot size
    0.64 Acres

    Source: Joseph & Camper Commercial Agent Will Hayes

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

    Overview

    Mixed-Use Building Near War Memorial

    This 1,463 square foot mixed-use building, originally constructed in 1929 as a single-family residence, has been utilized as office space for over 20 years. The main floor comprises 1,127 square feet of commercial space suitable for office or retail use, featuring an open layout configured for office use, a kitchen, a separate conference area, one private office, and a restroom. An additional room in the basement provides storage space. The upper level contains a 336 square foot, 1-bedroom, 1-bathroom residential apartment. The apartment is currently rented and income-producing. Recent updates include a new roof in 2020, and new LED lighting, main floor ceilings, fixtures, flooring, kitchen, and paint in 2022. The current owner has invested over $30,000 in improvements in recent years. The property is centrally located just off the corner of War Memorial and Sheridan Road.
    Insight Report Location Intelligence

    Current Use by Public Records

    bk7-13, p.c. an Illinois ... Law Firm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6036449
    Latitude
    40.7326453

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with commercial space and residential apartment.
    Where is this mixed-use property located?
    The property is located at 3709 N Sheridan Rd Peoria, IL.
    What is the asking price?
    The asking price for this property is $114,000.
    What are key features of this property?
    This property features: - Income-producing property with a currently rented 1-bedroom/1-bathroom apartment.; - Recently updated with a NEW ROOF (2020) and significant INTERIOR RENOVATIONS in 2022 including LED lighting, ceilings, fixtures, flooring, kitchen, and paint.; - Versatile mixed-use building suitable for office or retail on the main floor (1,127 SF) with an open layout, kitchen, conference area, private office, and restroom.
    (309) 643-0717
    Request Owner's contact information
    3709 N Sheridan Rd Peoria, IL 61614
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    Peoria, IL 61614
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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
    3709 N Sheridan Rd Peoria, IL 61614
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