4910 Galena Rd Peoria Heights, IL 61616
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 4910 Galena Rd
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 10-unit apartment building situated on the Illinois River in Peoria Heights, Illinois, at 4910 N Galena Rd, zip code 61616. The property includes a substantial, luxurious house and a large boat barn, offering significant potential for increased revenue streams. Currently generating strong cash flow, the property boasts numerous recent improvements. The existing ten apartments provide a solid foundation for income, while the marina and additional boat barn storage present untapped potential for expansion and enhanced profitability. Reactivating the marina and leasing out additional boat barn space could significantly boost the property's income. The property is located in Peoria County, Illinois, at coordinates 40.746567 latitude and -89.556118 longitude. The asking price for this multi-family complex is $1,500,000. This is a rare chance to acquire a well-maintained property with substantial upside potential in a desirable riverfront location. The combination of existing rental income and the potential for additional revenue from the marina and boat barn makes this an attractive investment for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria Heights
- County
- Peoria
- State
- Illinois
- Longitude
- -89.556118
- Latitude
- 40.746567
