1732 Sheridan Rd Peoria, IL 61604

Property Details for 1732 Sheridan Rd

Lot size

0.42 lot acres

Property size

9,450 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents three contiguous commercial buildings totaling 9,450 square feet of versatile mix-use space at 1732, 1738, and 1744 N Sheridan Road in Peoria, Illinois. The property sits on a 0.42-acre lot and offers a unique interior layout. Buildings 1732 and 1738 are interconnected on the main level, and all three buildings share basement access, providing seamless flow and operational efficiency. The space is ideal for a variety of uses, including offices, storage/warehouse, and retail, along with four upper-level apartment units. Significant capital improvements totaling $80,000 have been recently completed, including new roofing with complete removal and full installation at 1732 N Sheridan (August 2023) and 1738 N Sheridan (2020). The property boasts desirable features such as 3-phase electric, a loading dock, and drive-in overhead doors. Its location within an Opportunity Zone (Census Tract # 17143002100) presents significant tax advantages. Benefit from the recent enhancements to the Sheridan Road Commercial Corridor, including a newly engineered streetscape featuring a bike lane, center turn lane, ADA-compliant curbing and sidewalks, and attractive ornamental lighting. Enjoy convenient access to I-74 and other major thoroughfares. This is an affordable acquisition for a business seeking to establish or expand in a rapidly developing area of Peoria. The property is priced at $199,900.

Location Insight

City

Peoria

County

Peoria

State

Illinois

Longitude

-89.60332

Latitude

40.709