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    201 Adams St Peoria, IL 61602

    Sponsored
    For Sale
    $749,000

    Prime location, 12,658 sq ft, B Class

    Property size:
    12,658 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 201 NE Adams St in Peoria, IL, presents a unique investment opportunity. The two-story, 12,658 square foot building, constructed in 1964, boasts a sturdy block/concrete structure on a steel deck, allowing for potential future expansion. The building features two 6,329 square foot floors, plus an additional 6,329 square feet of usable basement space with high ceilings. A freight elevator services all three levels. The property includes a small warehouse area with an overhead drive-in door, ideal for storage or light manufacturing. The building is equipped with a 400 amp, 440-volt electrical system and a new boiler system installed in 2020. Its prime downtown location offers unparalleled visibility and accessibility, situated on the corner of Adams and Hamilton Streets, adjacent to the Peoria County Courthouse and the Caterpillar Administration building, and just one block from the new OSF Headquarters. The B1 zoning permits a variety of uses, making this a versatile space suitable for office, retail, or warehouse purposes. The asking price is $749,000. This single-tenancy building represents a strong investment in a thriving downtown area.

    Property Features for 201 Adams St

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,658 SF
    Class
    B

    Building Details

    Year Built
    1964
    Buildings
    1
    Stories
    2

    HighLights

    • $749,000 asking price for this Peoria, IL commercial property.
    • 12,658 square feet of space in a Class B building.
    • Single‑tenant occupancy in a two‑story building constructed in 1964.
    • Located at 201 NE Adams St, Peoria, IL 61602, in the central business district, near the Peoria County Courthouse, Caterpillar Administration building, and the new OSF Headquarters.
    • Features include a freight elevator, 400 amp 440‑volt electrical service, and a new boiler system (2020).
    • Zoned B1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distillery Labs Research And Product Development DeKroyft-Metz & Co., Inc. Equipment Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5882585
    Latitude
    40.6930102

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, 12,658 sq ft, B Class
    Where is this individual retail property located?
    The property is located at 201 Adams St Peoria, IL.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: $749,000 asking price for this Peoria, IL commercial property.; 12,658 square feet of space in a Class B building.; Single-tenant occupancy in a two-story building constructed in 1964.
    Request Owner's contact information
    201 Adams St Peoria, IL 61602
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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
    201 Adams St Peoria, IL 61602
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