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    328 N Western Ave Peoria, IL 61604

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    For Sale
    $149,995

    3,776 sq ft retail building with parking lot.

    Property size:
    3,776 SF
    Lot size:
    0.19 Acres

    Property Features for 328 N Western Ave

    General Information

    Size
    3,776 SF
    Lot size
    0.19 Acres

    Source: Maloof Commercial Agent Jason Miller

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

    Overview

    Retail Building on Corner Lot

    This is a 3,776 square foot retail building situated on a corner lot, offering high visibility. An on-site parking lot is available. The property is currently operating as a dry cleaning business. Furniture, fixtures, and equipment (FFE) are available separately.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -89.6227619
    Latitude
    40.6920641

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    FAQs

    What type of property is this?
    Retail space - 3,776 sq ft retail building with parking lot.
    Where is this retail space located?
    The property is located at 328 N Western Ave Peoria, IL.
    What is the asking price?
    The asking price for this property is $149,995.
    What are key features of this property?
    This property features: - Highly visible building makes this location ideal.; - Onsite parking lot for customer convenience.; - 3,776 sq. ft. retail building, perfect for your business needs.
    (309) 693-3000
    Request Owner's contact information
    328 N Western Ave Peoria, IL 61604
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    Peoria, IL 61604
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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
    328 N Western Ave Peoria, IL 61604
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