3709 Sheridan Rd Peoria, IL 61614

This exceptional mixed-use property, located at 3709 N Sheridan Rd in Peoria, Illinois, presents a compelling investment opportunity. The 1,463 square foot building, constructed in 1929 and boasting a Class B designation, offers a blend of commercial and residential space. The main floor encompasses 1,127 square feet of adaptable commercial space, ideal for office or retail use. Its open layout features a kitchen, separate conference area, private office, and restroom – all enhanced by recent renovations. The basement provides valuable storage. Upstairs, a 336 square foot, one-bedroom, one-bathroom apartment generates rental income. This income-producing unit is currently occupied. Significant improvements have been made in recent years, including a new roof (2020) and extensive interior upgrades in 2022, exceeding $30,000 in value. These updates encompass new LED lighting, main floor ceilings, fixtures, flooring, kitchen, and fresh paint. The property sits on a 0.12-acre lot, zoned O1, and benefits from a central location near the intersection of War Memorial and Sheridan Road. The asking price is $139,000, translating to $95.01 per square foot. This two-unit building offers a strong return on investment with its combination of commercial and residential income streams and recent upgrades. The property's prime location and versatile layout make it an attractive prospect for both seasoned investors and those seeking a profitable venture.