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3409 Meadow Ave East Peoria, IL 61611

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For Sale
$314,900

Multi-use building with commercial spaces and apartments near Morton.

Lot size:
0.70 Acres

Property Features for 3409 Meadow Ave

General Information

Standard status
Active
Lot size
0.70 Acres

Building Details

Year built
1950

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Listing Contact
Mary Ann Ladendorf
Mary Ann Ladendorf
Source: Exitrealty

Listing Agency: RE/MAX Traders Unlimited Listing Agent: Mary Ann Ladendorf

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

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Overview

Mixed-Use Building Near Morton

This multi-use building offers a variety of opportunities and is located minutes from Morton. The property features three commercial spaces on the main floor and four rented apartments on the second floor. Improvements to the property include a roof replacement in 2024, a boiler pump replacement in 2019, and two water heaters replaced in 2017. The parking lot in the rear has been expanded. All apartments were renovated in 2022 and 2023. The garage space includes a 10' door. The gross annual income is $48,500. There is potential to open the main floor into one large commercial space.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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

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

Location Insight

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  • Local Demand
City
East Peoria
County
Peoria
State
Illinois
Longitude
-89.4998357
Latitude
40.6380356

FAQs

What type of property is this?
Mixed-use property - Multi-use building with commercial spaces and apartments near Morton.
Where is this mixed-use property located?
The property is located at 3409 Meadow Ave East Peoria, IL.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: - Gross annual income of $48,500.; - Four renovated apartments (2022/2023).; - Three commercial spaces on the main floor.
More about this property
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