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Corner Retail Building with Apartment
For Sale
$225,000

2433 N Knoxville Avenue, Peoria, IL 61602

Hard-corner commercial building with entrances on Knoxville Avenue and Beverly Court, plus a 1-bedroom, 1-bath unit.

Property Size6,160 SF
Lot Size0.31 Acres
Price / SF$36.53
Days on Market364

Property Features for 2433 N Knoxville Avenue

General Information

Standard status Active
Size 6,160 SF
Lot size 0.31 Acres
Property subtype Commercial

Additional Details

Traffic Count 23,000 vehicles/day

Building Details

Tenancy Multi
Listing Agency: RE/MAX Traders Unlimited
Listed By: Justin Ball
Source: Shawneehillsrealestate
Added: Aug 1, 2025 Changed: Jul 22 Last Checked: Jul 30 at 12:16PM

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 sq. ft. commercial building is for sale on a hard corner in Central Peoria with entrances on both Knoxville Avenue and Beverly Court. The property is configured with four tenants: a smoke shop, barber, cell phone store, and a 1-bedroom, 1-bath apartment.

The building sits on 0.31 acres at the corner of Knoxville Avenue (Route 40) and Beverly Court. IDOT data cited in the remarks reports daily traffic counts of 23,000, supporting strong retail exposure from both access points.

As an investment, the tenants are month to month and pay all utilities, with total monthly rents reported as $3,300.

Key Highlights

  • 6,160 SF commercial building for sale in Central Peoria at the corner of Knoxville Avenue (Route 40) and Beverly Court
  • Hard corner location with entrances on both Knoxville Avenue and Beverly Court
  • 0.31‑acre property with daily traffic counts of 23,000 (per most recent IDOT data)

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

23,000 VPD
Traffic count
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,980
Businesses Nearby
58k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 84% Shops & Services 15% Electronics 2%
Taco Bell Dining
14,276 visits/mo 0.5 miles
Starbucks Dining
11,112 visits/mo 0.3 miles
Dunkin' Donuts Dining
9,010 visits/mo 0.3 miles
Burger King Dining
8,639 visits/mo 0.4 miles
Long John Silver's Dining
5,607 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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Similar Off Market Nearby

  • Floreria Y Novedades Getzell — Peoria, IL 61603

Frequently Asked Questions

What type of property is this?
Storefront property - Hard-corner commercial building with entrances on Knoxville Avenue and Beverly Court, plus a 1-bedroom, 1-bath unit.
Where is this storefront property located?
The property is located at 2433 N Knoxville Avenue Peoria, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 6,160 SF commercial building for sale in Central Peoria at the corner of Knoxville Avenue (Route 40) and Beverly Court; Hard corner location with entrances on both Knoxville Avenue and Beverly Court; 0.31‑acre property with daily traffic counts of 23,000 (per most recent IDOT data)
More about this property
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