631 Main St, Mapleton, IL 61547
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.