Historic Storefront with Oak
1209 SW Adams Street Peoria, IL 61602
1209 SW Adams Street, Peoria, IL, 61602
$170,000
For Sale
$170,000
Approximately 800 sq. ft. storefront with original hardwood floors, exposed brick, and a handcrafted oak storefront with large glass windows.
Property Size800 SF
Price / SF$212.50
Days on Market12
Property Features for 1209 SW Adams Street
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Commercial
Listing agency
RE/MAX Traders Unlimited
(309) 643-9189
Listed by
Nathan Steinwedel · License #475173115
(309) 643-9189
Source
Craggsrealtors
Added: Jul 10 Updated: Jul 20 at 2:52AM Checked: Jul 20 at 2:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Traders Unlimited
Investment Insights
Based on property information with market context.
Welcome to 1209 SW Adams Street, a restored commercial storefront offering approximately 800 square feet of character-rich interior space. The property features original hand-nailed hardwood floors, exposed historic red brick walls, and soaring ceilings. A handcrafted oak storefront with expansive glass windows brings natural light into the space, and the custom front door includes an iron mail slot.
The building is described as being located in the heart of Peoria’s Warehouse District, an area highlighted for ongoing restoration and new development, including residential, restaurants, breweries, retail, and entertainment. The setting is noted for wide sidewalks and walkability.
The space is presented as a flexible fit for boutique retail, professional office, gallery, studio, or showroom use.
The building is described as being located in the heart of Peoria’s Warehouse District, an area highlighted for ongoing restoration and new development, including residential, restaurants, breweries, retail, and entertainment. The setting is noted for wide sidewalks and walkability.
The space is presented as a flexible fit for boutique retail, professional office, gallery, studio, or showroom use.
Key Highlights
- Approximately 800 sq. ft. restored commercial storefront in Peoria’s Warehouse District
- Original hand‑nailed hardwood floors and exposed historic red brick walls
- Handcrafted oak storefront with large glass windows for natural light
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.4k | $18.00 |
| − Vacancy | −$720 | −$0.90 |
| EGI | $13.7k | $17.10 |
| − OpEx | −$4.1k | −$5.13 |
| NOI | $9.6k | $11.97 |
800 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$136.8K
$119.7K – $159.6K
NOI $9,576 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$699.8K
$612.4K – $816.5K
NOI $48,988 @ 7.0% cap · market cap 28.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Steins garden and gifts — Peoria, IL 61602
FAQs
What type of property is this?
Storefront property - Approximately 800 sq. ft. storefront with original hardwood floors, exposed brick, and a handcrafted oak storefront with large glass windows.
Where is this storefront property located?
The property is located at 1209 SW Adams Street Peoria, IL.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Approximately 800 sq. ft. restored commercial storefront in Peoria’s Warehouse District; Original hand‑nailed hardwood floors and exposed historic red brick walls; Handcrafted oak storefront with large glass windows for natural light
