Flex Building With Overhead
For Sale
$350,000
501 E Meadow Avenue, East Peoria, IL 61611
Block construction, B3 zoning, and on-site parking support a range of commercial applications.
Property Size17,210 SF
Price / SF$20.34
Days on Market45
Property Features for 501 E Meadow Avenue
General Information
Standard status
Active
Size
17,210 SF
Total Parking Spaces
36
Property subtype
Commercial
Zoning
B3
Property Condition
Severity
Repairs Needed
Evidence
some deferred maintenance
Additional Details
Drive-In Doors
1
Building Details
Year Built
1968
Building Size
17,210 SF
Construction
block
Listing Agency:
RE/MAX Traders Unlimited
(309) 643-9189
Listed By:
Nathan Steinwedel · License #RMA6758
Source:
Ashleycoker
Added: Jul 17
Changed: Aug 30
Last Checked: Aug 30 at 1:40PM
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.
Located at 501 E Meadow Avenue in East Peoria, this 17,210-square-foot flex building dates to 1968 and uses durable block construction. The property includes a drive-through overhead door and 36 on-site parking spaces, providing practical functionality for commercial operations. B3 zoning supports the property’s flexible commercial positioning.
The building is situated within an established commercial corridor with access to major roadways. Deferred maintenance is present, creating a renovation component for a new owner. The existing layout and access features may accommodate both owner-user and investment considerations, subject to applicable zoning and permitting requirements.
The building is situated within an established commercial corridor with access to major roadways. Deferred maintenance is present, creating a renovation component for a new owner. The existing layout and access features may accommodate both owner-user and investment considerations, subject to applicable zoning and permitting requirements.
Key Highlights
- 17,210‑square‑foot flex building at 501 E Meadow Avenue
- B3‑zoned commercial property in East Peoria
- Durable block construction dating to 1968
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Midwest region
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Similar Off Market Nearby
- Dac's Smokehouse Catering — 1104 N Main St, East Peoria, IL 61611
Frequently Asked Questions
What type of property is this?
Flex space - Block construction, B3 zoning, and on-site parking support a range of commercial applications.
Where is this flex space located?
The property is located at 501 E Meadow Avenue East Peoria, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 17,210‑square‑foot flex building at 501 E Meadow Avenue; B3‑zoned commercial property in East Peoria; Durable block construction dating to 1968
