1916 Knoxville Ave Peoria, IL 61603

This exceptional mixed-use property, located at 1916 Knoxville Ave in Peoria, Illinois, presents a unique investment opportunity. The 11,410 square foot building, constructed in 1952 and renovated in 1975, is currently vacant and offers significant potential for redevelopment. The property is classified as Class B and features three buildings across two stories, with each floor encompassing 5,705 square feet. The main floor boasts large, open showroom areas, ideal for retail or adaptable to various uses. The upper level provides a blend of open space and private offices, catering to diverse business needs. Large windows along the Knoxville Avenue frontage provide abundant natural light. The property benefits from a highly desirable location, just one block from the new OSF St. Francis Midtown location and a half-mile from downtown Peoria. The sale includes a 0.20-acre residential parcel situated directly behind the main building, adding to the overall 0.73-acre lot size. A separate 0.59-acre parcel at 1907 N Dechman Ave is also available for sale, but separately. The property is zoned CG & R4, offering flexibility for various commercial and residential uses. The asking price is $449,000, translating to $39.35 per square foot. This is a single-tenancy property.