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    1411 Adams St Peoria, IL 61603

    Sponsored
    For Sale
    $125,000

    Historic Downtown Peoria Office/Retail

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1930s-era commercial property, located at 1411 NE Adams Street in Peoria, Illinois, presents a unique investment opportunity. The vacant building offers street-level retail or office space, ideal for owner-operators seeking a prominent downtown location. The property is zoned for commercial use and includes a single building situated on a land parcel in the heart of Peoria, zip code 61603. The asking price is $125,000. Given its prime location and historic character, this property is well-suited for a variety of commercial ventures. The building's age offers the potential for adaptive reuse, allowing for creative design and customization to suit a specific business model. The property's vacant status provides immediate occupancy, eliminating the need for tenant negotiations or leasehold improvements. This presents a significant advantage for buyers seeking a quick start to their business operations. The property's location in Peoria, IL, offers access to a thriving local market and a strong regional economy. This is an excellent opportunity to acquire a well-positioned commercial property in a desirable downtown area. Serious inquiries are encouraged to explore the potential of this unique investment. The property is also listed under a separate identifier, PA1238459.

    Property Features for 1411 Adams St

    General Information

    Property type
    Government properties

    Building Details

    Year Built
    1930
    Buildings
    1

    HighLights

    • $125,000 asking price.
    • 1930 construction, vacant, single building.
    • Located at 1411 NE Adams Street, Peoria, IL 61603.
    • Land, office, and retail property available for sale or lease.
    • Suitable for owner‑operator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -89.5734337
    Latitude
    40.7022973

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    FAQs

    What type of property is this?
    Government property - Historic Downtown Peoria Office/Retail
    Where is this government property located?
    The property is located at 1411 Adams St Peoria, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: $125,000 asking price.; 1930 construction, vacant, single building.; Located at 1411 NE Adams Street, Peoria, IL 61603.
    Request Owner's contact information
    1411 Adams St Peoria, IL 61603
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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
    1411 Adams St Peoria, IL 61603
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