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    2210 Jefferson Ave Peoria, IL 61603

    Sponsored
    For Sale
    $795,000

    Two Buildings, High Traffic, Ample Parking

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Peoria, Illinois commercial property presents a unique investment opportunity. Located at 2210 NE Jefferson Avenue, this well-known landmark sits strategically between Routes 24 and 29, boasting high traffic counts and convenient ingress/egress from both major roadways. The property comprises two separate buildings: a corner building offering approximately 3360 square feet and a former restaurant building of approximately 1352 square feet. The property also includes a substantial parking lot and additional land. This established location has served as a family-owned business for over 35 years, offering a proven track record and immediate potential for various uses. The ample parking and high visibility make this an ideal location for a diverse range of commercial ventures. Further enhancing its appeal, the property is situated within an Enterprise Zone, potentially offering significant tax advantages. Its proximity to downtown Peoria provides easy access to the city's amenities and resources. The asking price is $795,000. Parcel IDs 001-007 are included in the sale. Endless possibilities await the discerning investor.

    Property Features for 2210 Jefferson Ave

    General Information

    Property type
    Restaurants
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5651549
    Latitude
    40.7086499

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    FAQs

    What type of property is this?
    Restaurant - Two Buildings, High Traffic, Ample Parking
    Where is this restaurant located?
    The property is located at 2210 Jefferson Ave Peoria, IL.
    What is the asking price?
    The asking price for this property is $795,000.
    Request Owner's contact information
    2210 Jefferson Ave Peoria, IL 61603
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    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
    2210 Jefferson Ave Peoria, IL 61603
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