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523 Ne Adams Street, Peoria, IL, 61602
Historic Arena Event Facility

523 Ne Adams Street Peoria, IL 61602

For Sale
$200,000

Historic 1924 venue with a multi-story front building and a 30,000-square-foot open arena, sold as-is.

Property Size51,300 SF
Price / SF$3.90
Days on Market10

Property Features for 523 Ne Adams Street

General Information

Standard status
Active
Size
51,300 SF
Property subtype
Commercial

Building Details

Year Built
1924
Listing Agency: Keller Williams Premier Realty
Listed By: Julie Bielfeldt ([email protected])
Source: Curveyrealestate
Added: Jul 14 Changed: Jul 23 Last Checked: Jul 23 at 4:14AM

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.

The Armory is a historic event facility originally constructed in 1924 and built with brick and limestone. The front portion is three stories with an enclosed roof and impressive entrances, flanking double staircases, and offices. Interior space is described as 7,100 square feet on each floor in the front portion. The arena is open to the elements and includes original steel beams and girders, with an arena size of approximately 30,000 square feet.

The property is located in the East Village TIF District (District #980). The offering is being sold as-is, with no utilities on and no mechanicals.

For buyers, the configuration combines a multi-story front building for support space with a large open arena designed for event-style uses.

Key Highlights

  • Historic 1924 armory building built by the Military and Naval Department of Illinois (YearBuilt: 1924).
  • Front portion is 3‑storied with impressive entrances and double staircases; about 7,100 SF on each floor.
  • Includes a 30,000 SF arena that is open to the elements with original steel beams/girders.

Property Analytics

Location Intelligence

Current Use by Public Records

Theaters & concert halls

Suggested Use

Hair Salon Nail Salon Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Theater & concert hall - Historic 1924 venue with a multi-story front building and a 30,000-square-foot open arena, sold as-is.
Where is this theater & concert hall located?
The property is located at 523 Ne Adams Street Peoria, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Historic 1924 armory building built by the Military and Naval Department of Illinois (YearBuilt: 1924).; Front portion is 3‑storied with impressive entrances and double staircases; about 7,100 SF on each floor.; Includes a 30,000 SF arena that is open to the elements with original steel beams/girders.
More about this property
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