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Mixed-Use Building with Apartments
For Sale
$280,000

220 & 222 Meadow Ave, East Peoria, IL 61611

The property combines residential apartments with commercial space in one building.

Property Size5,500 SF
Price / SF$50.91
Days on Market30

Property Features for 220 & 222 Meadow Ave

General Information

Standard status Active
Size 5,500 SF

Additional Details

Multifamily Units 4

Building Details

Buildings 1
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Amber Neal · License #475178998
Source: Schaublerealty
Added: Aug 2 Changed: Aug 31 Last Checked: Aug 31 at 1:47AM

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 Jim Maloof Realty, Inc.

Investment Insights

Based on property information with market context.

Located at 220 & 222 Meadow Ave in East Peoria, this mixed-use building combines four residential apartments with commercial space. The configuration brings residential and commercial functions together within a single property and supports a range of ownership and operating strategies.

The property is positioned in East Peoria with access to local businesses, major roads, and the broader Peoria market. Its layout includes separate residential and commercial components, offering a straightforward mixed-use format for an investor or owner-operator.

Key Highlights

  • Four residential apartment units
  • Commercial space within the building
  • Mixed‑use configuration combining residential and commercial components

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Parking Lot & Garage Electrical Service Plumbing Service

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

174
Businesses Nearby

Demographics for 61611, IL

23,837
Population
11,207
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
41.0 sq mi
ZIP Area
581
Density / Sq Mi
$76,329
Median Household Income
$44,586
Median Earnings
$942
Median Rent
$162,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines residential apartments with commercial space in one building.
Where is this mixed-use property located?
The property is located at 220 & 222 Meadow Ave East Peoria, IL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Four residential apartment units; Commercial space within the building; Mixed‑use configuration combining residential and commercial components
More about this property
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