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
    Back to Search

    114 Evans St Princeville, IL 61559

    Sponsored
    For Sale
    $160,000

    Versatile building, great location, $160,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 114 E Evans Street in Princeville, Illinois, presents a unique investment opportunity. Located in the heart of Princeville's business district, this vacant building offers 160,000 square feet of adaptable space. Previously used as a grocery store, the property boasts a former deli area with existing restaurant build-out, making it ideal for a food service establishment. The building also features a cargo door, easily modified to accommodate retail loading docks. The structure itself is solid and well-maintained, offering significant potential for conversion into a multi-tenant building. The property's versatility extends to various commercial uses, including executive office space, warehouse storage, or even government operations. The property is zoned for commercial, executive office, warehouse, restaurant, government, and other uses. Its prime location and adaptable features make it an attractive proposition for a wide range of businesses seeking a foothold in the thriving Princeville market. The asking price is $160,000. The property is situated on land in Peoria County, Illinois, with a zip code of 61559. The geographic coordinates are 40.9312129 latitude and -89.7568426 longitude. This is a truly versatile property with significant upside potential.

    Property Features for 114 Evans St

    General Information

    Property type
    Government properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop Bar & Pub Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeville
    County
    Peoria
    State
    Illinois
    Longitude
    -89.7568426
    Latitude
    40.9312129

    Nearby Comparable

    • $160,000
      7,281 SF

      Prime Princeville Commercial Space

      Versatile building, high potential, great location.
      114 Evans St, Princeville, IL 61559
      View Details
    • $55,000
      2,816 SF

      Princeville Commercial Building - Great Value

      Updated Office Building, Prime Location, 2816 sq ft
      133 Walnut St, Princeville, IL 61559
      View Details
    • $1,016,320
      9,014 SF

      Prime Wyoming, IL Dollar General

      High-yield, net-leased storefront investment.
      601 7Th St, Wyoming, IL 61491
      View Details
    • $397,000

      Wyoming Restaurant & Bowling Alley

      Thriving Business, Turnkey Operation
      115 Williams St, Wyoming, IL 61491
      View Details
    • $325,000
      6,200 SF

      Wyoming Commercial Investment Opportunity

      Thriving Bar, Grill, & Bowling Alley
      115 Williams St, Wyoming, IL 61491
      View Details
    • Contact for pricing
      71.00 Acres

      71 Acres, Dunlap, IL - R-2 Zoning

      Prime 71-acre parcel, R-2 zoning, ideal development.
      0 Il-91, Dunlap, IL 61615
      View Details
    • $1,100,000
      10,500 SF

      New Retail Building in Wyoming

      Turnkey retail opportunity in Wyoming, Illinois, built in 2023.
      101 E Franklin St, Wyoming, IL 61491
      View Details
    • $189,000
      2,200 SF

      Edwards Commercial Property - Huge Potential

      Historic building, half-acre lot, multiple uses.
      8320 Jackson St, Edwards, IL 61528
      View Details

    Nearby Similar for Sale

    • $55,000
      2,816 SF

      Princeville Commercial Building - Great Value

      Updated Office Building, Prime Location, 2816 sq ft
      133 Walnut St, Princeville, IL 61559
      View Details
    • $160,000
      7,281 SF

      Prime Princeville Commercial Space

      Versatile building, high potential, great location.
      114 Evans St, Princeville, IL 61559
      View Details

    FAQs

    What type of property is this?
    Government property - Versatile building, great location, $160,000
    Where is this government property located?
    The property is located at 114 Evans St Princeville, IL.
    What is the asking price?
    The asking price for this property is $160,000.
    Request Owner's contact information
    114 Evans St Princeville, IL 61559
    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.
    114 Evans St
    Princeville, IL 61559
    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
    114 Evans St Princeville, IL 61559
    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.