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Two-Building Mixed-Use Property
New
For Sale
$1,250,000

520-600 W Main Street, Peoria, IL 61606

Commercial space occupies the ground floors, with apartments arranged above.

Property SizeContact for details
Days on Market5

Property Features for 520-600 W Main Street

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $20,754

Building Details

Buildings 2
Construction brick
Listing Agency: Keller Williams Premier Realty
Listed By: Zachary Oyler (zoyler@gmail.com)
Source: Curveyrealestate
Added: Oct 1 Last Checked: Oct 4 at 9:11AM

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 Premier Realty

Investment Insights

Based on property information with market context.

Two brick buildings at 520-600 W Main Street combine commercial establishments on the ground level with apartments on the upper floors. The property is described as comprising more than 1 acre. Two additional buildings and land adjacent to the property are also offered for sale.

Key Highlights

  • Two brick buildings with commercial space at street level and apartments above
  • Property comprises more than 1 acre
  • Two additional buildings and land adjacent to the property are also offered for sale

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm HVAC Service Spa & Massage Center Hair Salon Nail Salon Electrical 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.

Location Intelligence

Trade Area within ½ mile

111
Businesses Nearby

Demographics for 61606, IL

6,798
Population
2,898
Households
2.3
Avg Household Size
26
Median Age
40%
College-Educated
92%
High-School Grad
1.2 sq mi
ZIP Area
5,665
Density / Sq Mi
$41,023
Median Household Income
$14,738
Median Earnings
$907
Median Rent
$119,800
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 - Commercial space occupies the ground floors, with apartments arranged above.
Where is this mixed-use property located?
The property is located at 520-600 W Main Street Peoria, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two brick buildings with commercial space at street level and apartments above; Property comprises more than 1 acre; Two additional buildings and land adjacent to the property are also offered for sale
More about this property
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