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Brick Mixed-Use Building
For Sale
$150,000

2305 LINCOLN Avenue, Peoria, IL 61605

Two-level property combining an updated apartment with adaptable commercial space, garage stalls, and private parking.

Property Size3,154 SF
Price / SF$47.56
Days on Market15

Property Features for 2305 LINCOLN Avenue

General Information

Standard status Active
Size 3,154 SF
Property subtype General Commercial

Taxes and HOA fees

Annual Taxes $2,464

Amenities

3-stall garage
private parking lot
central air
Central Air
3
Other
Flat
125 x 60

Building Details

Stories 2
Construction all-brick
Listing Agency:
Listed By: Keller Williams Revolution
Source: Xome
Added: Jul 26 Changed: Aug 8 Last Checked: Aug 9 at 5:25AM

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 Revolution

Investment Insights

Based on property information with market context.

This all-brick mixed-use property includes a remodeled two-bedroom apartment on the upper level and commercial space below. The lower floor, formerly occupied by the Dome Tap, has been reworked with new insulation, drywall, flooring, and a revised layout. Building improvements include updated heating, central air, flooring, lighting, paint, and exterior work. A three-stall garage and private parking lot add useful support space for the property’s residential and commercial components.

Located at 2305 Lincoln Avenue in Peoria, Illinois, the building offers a combination of housing and business space within one property. The lower level can accommodate a range of small-business concepts, subject to applicable approvals, while the apartment provides an existing residential component.

Key Highlights

  • Updated two‑bedroom apartment on the upper level
  • All‑brick building with 3‑stall garage
  • Lower level renovated with new insulation, drywall, flooring, and revised layout

Property Analytics

Current Use

B & B Recycled ... Building Supply

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Electrical Service HVAC Service (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

297
Businesses Nearby

Demographics for 61605, IL

14,049
Population
7,114
Households
2
Avg Household Size
34
Median Age
5%
College-Educated
80%
High-School Grad
4.4 sq mi
ZIP Area
3,193
Density / Sq Mi
$24,499
Median Household Income
$25,176
Median Earnings
$831
Median Rent
$44,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combining an updated apartment with adaptable commercial space, garage stalls, and private parking.
Where is this mixed-use property located?
The property is located at 2305 LINCOLN Avenue Peoria, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Updated two‑bedroom apartment on the upper level; All‑brick building with 3‑stall garage; Lower level renovated with new insulation, drywall, flooring, and revised layout
More about this property
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