Mixed-Use Property With Retail
For Sale
$325,000
637 W Main Street, Peoria, IL 61606
WM-zoned building combines occupied storefronts with residential units above.
Property Size7,369 SF
Days on Market194
Property Features for 637 W Main Street
General Information
Standard status
Active
Size
7,369 SF
Property subtype
Street Retail
Building Details
Building Size
7,369 SF
Listing Agency:
Maloof Commercial Real Estate Company
(309) 370-5959
Listed By:
Zac Maloof · License #475139281
(309) 370-5959
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 7:11AM
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 Maloof Commercial Real Estate Company
Investment Insights
Based on property information with market context.
This 7,369-square-foot mixed-use building pairs ground-floor commercial space with three second-floor residential units. Each apartment has two bedrooms, one bathroom, and a balcony, and all three are occupied. The main level includes two renovated commercial units, upgraded HVAC in one commercial unit, established retail occupancy exceeding nine years, and billboard income. A private surface parking lot is located behind the building.
Recent capital improvements include tuckpointing, exterior painting, a new roof, replacement windows, and a new boiler. The property is zoned WM and sits within walking distance of the arts hub at Sheridan and nearby major hospitals. The Peoria Riverfront Museum and Peoria Civic Center are also identified as nearby destinations, with downtown Peoria and surrounding retail and dining uses providing additional context.
Recent capital improvements include tuckpointing, exterior painting, a new roof, replacement windows, and a new boiler. The property is zoned WM and sits within walking distance of the arts hub at Sheridan and nearby major hospitals. The Peoria Riverfront Museum and Peoria Civic Center are also identified as nearby destinations, with downtown Peoria and surrounding retail and dining uses providing additional context.
Key Highlights
- 7,369‑square‑foot mixed‑use building with commercial space on the ground floor and three apartments above
- Three occupied 2‑bedroom, 1‑bath residential units, each with a balcony
- Two renovated commercial units plus upgraded HVAC in one commercial unit
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - WM-zoned building combines occupied storefronts with residential units above.
Where is this mixed-use property located?
The property is located at 637 W Main Street Peoria, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 7,369‑square‑foot mixed‑use building with commercial space on the ground floor and three apartments above; Three occupied 2‑bedroom, 1‑bath residential units, each with a balcony; Two renovated commercial units plus upgraded HVAC in one commercial unit
