315-317 Main St Peoria, IL 61602
This exceptional $850,000 mixed-use property at 315-317 Main Street in Peoria, IL, 61602 presents a fantastic investment opportunity. Boasting two attractive Main Street storefronts directly across from the courthouse, this high-visibility location offers unparalleled exposure. The building features a combination of retail and office space, complemented by three spacious rental units above. Currently configured for mid-length rentals, these units provide a consistent income stream. The property's versatility allows for a variety of uses, making it ideal for both established businesses seeking a prominent location and entrepreneurs looking to launch a new venture. The existing business operations on-site offer potential for immediate revenue generation or expansion. This five-unit property, encompassing land, industrial, office, retail, and multifamily elements, is situated on a prime corner lot with excellent visibility and accessibility. The property's location in Peoria County, Illinois, offers a thriving market with strong potential for growth. Further details regarding existing business opportunities are available upon request. Don't miss this chance to acquire a unique and profitable mixed-use property in a highly desirable location.
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
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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.