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    1014 Sheridan Rd Peoria, IL 61606

    Sponsored
    For Sale
    $55,000

    Prime Peoria location, vacant 844 sq ft office.

    Property size:
    844 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a vacant, 844-square-foot commercial building ideally situated in Peoria, Illinois, at 1014 N Sheridan Rd, zip code 61606. The property, built in 1920, is a single-story structure encompassing one unit on a 0.17-acre lot zoned COMM. Previously utilized as a salon and an insurance agency, this versatile space is perfect for a variety of businesses. The main level offers 844 square feet of net rentable area, complemented by a full, unfinished basement providing ample potential for expansion or storage. A significant advantage is the inclusion of an adjacent parcel, enhancing parking availability for the property. Recent improvements include the installation of new windows throughout the building and a roof replacement completed in 2017, ensuring low maintenance costs for the new owner. The building's location near the intersection of Sheridan Road and Main Street offers excellent visibility and accessibility. This owner-user opportunity is priced at $55,000. Don't miss this chance to acquire a well-maintained, conveniently located commercial property in a thriving Peoria neighborhood.

    Property Features for 1014 Sheridan Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    844 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 844 SF office/retail space.
    • High‑traffic location.
    • Excellent visibility.
    • Strong tenant base in the area.
    • Suitable for a variety of uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Josie's Beauty Salon ... Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.60367058973
    Latitude
    40.700448656856

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    FAQs

    What type of property is this?
    Individual retail property - Prime Peoria location, vacant 844 sq ft office.
    Where is this individual retail property located?
    The property is located at 1014 Sheridan Rd Peoria, IL.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: 844 SF office/retail space.; High-traffic location.; Excellent visibility.
    Request Owner's contact information
    1014 Sheridan Rd Peoria, IL 61606
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    Peoria, IL 61606
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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
    1014 Sheridan Rd Peoria, IL 61606
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