Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2714 2Nd St Peoria, IL 61615

    Sponsored
    For Sale
    $665,000

    9,500 SF Warehouse, Excellent Condition

    Property size:
    9,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9,500-square-foot industrial building, located at 2714 W 2nd St in Peoria, Illinois, presents a fantastic investment opportunity. Priced at $665,000, this single-tenant property boasts a spacious 32,414-square-foot lot, offering ample room for operations and potential expansion. The building itself is in great condition and features two loading docks and one drive-in door, ensuring efficient loading and unloading of goods. A well-maintained concrete parking lot provides convenient access, complemented by secured truck parking for added security. The property's strategic location just off Route 6 offers easy access to major transportation routes, facilitating seamless logistics and distribution. The current business is relocating, presenting a unique chance for a new owner to establish their operations in this prime Peoria location. The nicely manicured grounds enhance the overall appeal and functionality of this ready-to-occupy industrial space. This property is ideal for businesses seeking a well-maintained, conveniently located warehouse in a thriving Illinois market. The building's features and location combine to create a highly desirable investment opportunity. Don't miss out on this chance to acquire a valuable asset in a prime industrial area.

    Property Features for 2714 2Nd St

    General Information

    Property type
    Distribution properties
    Square Feet
    9,500 SF

    Building Details

    Buildings
    1

    HighLights

    • 9,500 SF industrial building.
    • Two loading docks and one drive‑in door.
    • Well‑maintained landscaping.
    • Concrete parking lot.
    • Secure truck parking.
    • Excellent highway access via Route 6.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rilco of Peoria Inc Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.634452714514
    Latitude
    40.810957830605

    Nearby Similar for Sale

    • $1,600,000
      Pending

      20-Unit Multifamily Investment Opportunity

      Stabilized, income-producing property with renovation and rent growth potential.
      1119 N Underhill St, Peoria, IL 61606
      View Details
    • $168,000
      0.15 Acres

      Investment Opportunity Near Bradley University

      Multi-family property near Bradley University, ideal for student housing.
      1620 W Fredonia Ave, Peoria, IL 61606
      View Details
    • $550,000
      0.60 Acres

      Bradley University Investment Portfolio

      Six homes near Bradley University, prime investment opportunity.
      700 N Underhill St, Peoria, IL 61606
      View Details
    • $250,000
      Pending

      Updated Duplex in Peoria, IL

      Income-producing duplex with updates, spacious areas, and garages.
      1521-1523 W Daytona Dr, Peoria, IL 61614
      View Details
    • $105,000
      0.14 Acres

      Peoria Multifamily Investment Opportunity

      Multifamily property with two units, great investment potential.
      609 W Armstrong Ave, Peoria, IL 61606
      View Details
    • $159,000
      0.17 Acres

      Updated Duplex with Separate Utilities

      Well-maintained duplex featuring separate utilities and recent updates.
      1411-1413 E Tripp Ave, Peoria, IL 61603
      View Details
    • $69,900
      Pending

      Peoria Triplex with Multiple Units

      Triplex in Peoria, IL featuring multiple units and on-site laundry.
      1631 N California Ave, Peoria, IL 61603
      View Details
    • $59,900
      0.14 Acres

      Peoria Duplex Investment Opportunity

      Duplex with two bedrooms and full bathroom in each unit.
      818 NE Madison Ave, Peoria, IL 61603
      View Details
    • $224,900
      0.31 Acres

      Peoria Mixed-Use Corner Lot

      C-1 zoned corner lot suitable for business or residential use.
      4303 W Lynnhurst Dr, Peoria, IL 61615
      View Details
    • $2,800,000
      0.80 Acres

      Iconic Restaurant & Brewpub Opportunity

      Turnkey restaurant and brewpub in downtown Peoria for sale.
      321 NE Madison Ave, Peoria, IL 61603
      View Details
    • $950,000
      2.01 Acres

      Peoria Industrial Location For Sale

      Commercial property in Peoria, Illinois, suitable for industrial use.
      1034 NE Adams St, Peoria, IL 61603
      View Details
    • Contact for pricing
      130,086 SF

      Multi-Venue Entertainment Complex For Sale

      Established entertainment complex with multiple revenue streams and investment opportunities.
      3225 N Dries Ln, Peoria, IL 61604
      View Details

    FAQs

    What type of property is this?
    Distribution property - 9,500 SF Warehouse, Excellent Condition
    Where is this distribution property located?
    The property is located at 2714 2Nd St Peoria, IL.
    What is the asking price?
    The asking price for this property is $665,000.
    What are key features of this property?
    This property features: 9,500 SF industrial building.; Two loading docks and one drive-in door.; Well-maintained landscaping.
    Request Owner's contact information
    2714 2Nd St Peoria, IL 61615
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2714 2Nd St
    Peoria, IL 61615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2714 2Nd St Peoria, IL 61615
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.