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631 Main St Mapleton, IL 61547

OFF-MARKET Retail properties & Spaces Google Maps
Estimated value
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Property ID

Property summary

AI-generated overview

This versatile 1,840 square foot commercial property at 631 W Main Street in Peoria, Illinois, presents a unique investment opportunity. Ideally situated between Bradley University and downtown Peoria, this single-tenant building boasts a rich history as a popular entertainment venue. Currently available for sale at $95,000 or lease, the property offers significant potential for a variety of businesses. Recent improvements include new flooring, plumbing, and an electrical panel upgrade, along with a new roof installed in 2018. The building is zoned WM Comm and features a single suite within a 1840 sq ft structure. The property's APN is 18-04-303-015. Its convenient location offers excellent visibility and accessibility, making it an attractive option for entrepreneurs seeking a ready-to-finish space. The existing infrastructure provides a solid foundation for a new business venture, minimizing initial renovation costs. This property is perfect for a business looking to establish a presence in a vibrant and growing area of Peoria. The property type is classified as Land, Office, and Retail. Serious inquiries are encouraged to explore this exciting opportunity.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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