514 Main St Peoria, IL 61606
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1.65-acre Peoria commercial complex, 5 buildings.
Property Features for 514 Main St
General Information
- Property type
- Flex space
Building Details
- Buildings
- 5
Listing Agency: Keller Williams Premier Realty Listing Agent: Zachary Oyler
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 1.65-acre Peoria, Illinois property, located at 514 W MAIN Street, zip code 61606, presents a unique investment opportunity. The site boasts five existing buildings offering diverse potential uses. One building, a former car dealership, provides ample storage space. An adjacent building features a blend of apartments and office space, while another building previously served as a restaurant. All buildings are available for sale together, or the property can be subdivided through negotiation. The property's prime location on a highly trafficked section of Main Street, situated between Peoria's hospitals and Bradley University, makes it ideal for redevelopment or continued use. The existing structures offer immediate income potential or the opportunity to create a mixed-use development. This substantial land parcel offers significant upside for investors seeking a multi-faceted commercial venture. Furthermore, an additional 1.14 acres of adjacent land is available for purchase, expanding the development potential to a total of 2.79 acres. This presents a rare chance to acquire a large-scale development site in a thriving Peoria location. The property is zoned for commercial use and offers excellent visibility and accessibility.
Property Profile
Location Intelligence
Current Use by Public Records
The Neon Bison
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6009867
- Latitude
- 40.6993438
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FAQs
What type of property is this?
Flex space - 1.65-acre Peoria commercial complex, 5 buildings.
Where is this flex space located?
The property is located at 514 Main St Peoria, IL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 1.65-acre commercial property at 514 W Main Street, Peoria, IL 61606.; Five existing buildings with diverse uses including former car dealership (ample storage), apartments/office space, and a former restaurant.; Property can be sold as a whole or subdivided.