Historic Arena Event
For Sale
$200,000
523 Ne Adams Street, Peoria, IL 61602
Historic 1924 venue with a multi-story front building and a 30,000-square-foot open arena, sold as-is.
Property Size51,300 SF
Price / SF$3.90
Days on Market54
Property Features for 523 Ne Adams Street
General Information
Standard status
Active
Size
51,300 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,912
Building Details
Year Built
1924
Construction
brick and limestone
Listing Agency:
Keller Williams Premier Realty
Listed By:
Julie Bielfeldt (julie.bielfeldt@kw.com)
(217) 641-2995
Source:
Curveyrealestate
Added: Jul 14
Changed: Sep 3
Last Checked: Sep 5 at 8:25AM
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 Keller Williams Premier Realty
Investment Insights
Based on property information with market context.
The Armory is a historic event facility originally constructed in 1924 and built with brick and limestone. The front portion is three stories with an enclosed roof and impressive entrances, flanking double staircases, and offices. Interior space is described as 7,100 square feet on each floor in the front portion. The arena is open to the elements and includes original steel beams and girders, with an arena size of approximately 30,000 square feet.
The property is located in the East Village TIF District (District #980). The offering is being sold as-is, with no utilities on and no mechanicals.
For buyers, the configuration combines a multi-story front building for support space with a large open arena designed for event-style uses.
The property is located in the East Village TIF District (District #980). The offering is being sold as-is, with no utilities on and no mechanicals.
For buyers, the configuration combines a multi-story front building for support space with a large open arena designed for event-style uses.
Key Highlights
- Historic 1924 armory building built by the Military and Naval Department of Illinois (YearBuilt: 1924).
- Front portion is 3‑storied with impressive entrances and double staircases; about 7,100 SF on each floor.
- Includes a 30,000 SF arena that is open to the elements with original steel beams/girders.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,650
Businesses Nearby
Explore this area
Business Placement
Demographics for 61602, IL
1,198
Population
813
Households
1.5
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$17,273
Median Household Income
$34,082
Median Earnings
$912
Median Rent
$222,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Theater & concert hall - Historic 1924 venue with a multi-story front building and a 30,000-square-foot open arena, sold as-is.
Where is this theater & concert hall located?
The property is located at 523 Ne Adams Street Peoria, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Historic 1924 armory building built by the Military and Naval Department of Illinois (YearBuilt: 1924).; Front portion is 3‑storied with impressive entrances and double staircases; about 7,100 SF on each floor.; Includes a 30,000 SF arena that is open to the elements with original steel beams/girders.
