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Mixed-Use Building at Corner Location
For Lease
$225,000

2433 N Knoxville Avenue, Peoria, IL 61602

Four month-to-month occupants include three storefront businesses and a one-bedroom apartment.

Space SizeContact for details
Days on Market30

Property Features for 2433 N Knoxville Avenue

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $3,873
Listing Agency: RE/MAX Traders Unlimited
Listed By: Justin Ball (justinashbyball@gmail.com)
Source: Curveyrealestate
Added: Aug 2 Changed: Aug 30 Last Checked: Aug 30 at 5:26PM

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 6,160-square-foot mixed-use building contains four occupied components: a smoke shop, barber shop, cell phone store, and a one-bedroom, one-bathroom apartment. The occupants lease on a month-to-month basis, and each pays its own utilities. The property encompasses 0.31 acres and includes separate access points from both Knoxville Avenue and Beverly Court.

Positioned at the intersection of Knoxville Avenue, also identified as Route 40, and Beverly Court, the building benefits from a reported daily traffic count of 23,000 based on the most recent IDOT data. Its combination of storefront occupancy and residential space creates a varied existing-use configuration within the same commercial property.

Key Highlights

  • 6,160‑square‑foot mixed‑use building on 0.31 acres
  • Four current occupants: smoke shop, barber shop, cell phone store, and 1‑bedroom apartment
  • Corner position at Knoxville Avenue (Route 40) and Beverly Court

Property Analytics

Current Use

ALL Wireless Telecommunications Service G&T Maintenance LLC, Logistics Company HH Tax Service Tax Preparation

Suggested Use

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

715
Businesses Nearby
54k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 64% Shops & Services 34% Home Improvements & Furnishings 2%
McDonald's Dining
24,776 visits/mo 0.2 miles
Shell Shops & Services
10,435 visits/mo 0.4 miles
Popeyes Louisiana Kitchen Dining
8,756 visits/mo 0.5 miles
BP Shops & Services
4,395 visits/mo 0.1 miles
Family Dollar Shops & Services
3,672 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four month-to-month occupants include three storefront businesses and a one-bedroom apartment.
Where is this mixed-use property located?
The property is located at 2433 N Knoxville Avenue Peoria, IL.
What is the lease rate?
The lease rate is $225,000.
What are key features of this property?
This property features: 6,160‑square‑foot mixed‑use building on 0.31 acres; Four current occupants: smoke shop, barber shop, cell phone store, and 1‑bedroom apartment; Corner position at Knoxville Avenue (Route 40) and Beverly Court
More about this property
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