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Retail Corner Building with Multiple Tenants
For Lease
$330,000

2422 N North Street, Peoria, IL 61604

Multi-tenant corner commercial building on North and McClure with entrances on both streets and month-to-month leases.

Space SizeContact for details
Lot Size0.26 Acres
Days on Market48

Property Features for 2422 N North Street

General Information

Standard status Active
Lot size 0.26 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $2,231

Building Details

Tenancy Multi
Listing Agency: RE/MAX Traders Unlimited
Listed By: Justin Ball (justinashbyball@gmail.com)
Source: Curveyrealestate
Added: Jul 20 Changed: Aug 21 Last Checked: Sep 4 at 7:07AM

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.

This commercial building offers 4,085 sq. ft. of retail space configured as multiple units, currently leased to a barber and a restaurant. The property includes entrances on both North and McClure, supported by a hard corner at a lighted intersection.

Located in central Peoria at the corner of North and McClure, the building sits across from the Peoria Public Library and next to Wright and Salmon Mortuary. The current leasing structure is month-to-month, with both units reported at $2,000 per month.

The property is also described as 0.26 acres, with access and frontage provided at both streets through separate entrances.

Key Highlights

  • 4,085 SF commercial building for sale on a hard corner at North and McClure in Central Peoria
  • Corner property on 0.26 acres with entrances on both North and McClure
  • Lighted intersection location across from the Peoria Public Library

Property Analytics

Current Use

Blessed and Gifted Hands Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Restaurant Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

609
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 73% Shops & Services 24% Home Improvements & Furnishings 4%
McDonald's Dining
24,776 visits/mo 0.3 miles
BP Shops & Services
4,395 visits/mo 0.3 miles
Phillips 66 Shops & Services
3,662 visits/mo 0.2 miles
Ace Hardware Home Improvements & Furnishings
1,227 visits/mo 0.2 miles

Demographics for 61604, IL

29,344
Population
13,341
Households
2.2
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
1,931
Density / Sq Mi
$50,628
Median Household Income
$34,577
Median Earnings
$904
Median Rent
$100,000
Median Home Value

Market

Lease Benchmarks for Peoria, IL

$12.4 /SF/Yr
Avg Asking Price
$6–$18 /SF/Yr
Price Range
8,564 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Floreria Y Novedades Getzell Peoria, IL 61603

Frequently Asked Questions

What type of property is this?
Storefront property - Multi-tenant corner commercial building on North and McClure with entrances on both streets and month-to-month leases.
Where is this storefront property located?
The property is located at 2422 N North Street Peoria, IL.
What is the lease rate?
The lease rate is $330,000.
What are key features of this property?
This property features: 4,085 SF commercial building for sale on a hard corner at North and McClure in Central Peoria; Corner property on 0.26 acres with entrances on both North and McClure; Lighted intersection location across from the Peoria Public Library
More about this property
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