625 Perry Ave Peoria, IL 61603
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 625 Perry Ave
- Property type
- Commercial real estate
- APN
- 18-04-432-021
- APU
- 1804432021
Description
This 6,112 square foot commercial property, located at 625 N Perry Avenue in Peoria, Illinois, presents a remarkable investment opportunity at an asking price of $42,000. Situated in the East Village TIF District, the building offers a versatile layout ideal for a variety of uses. The main level comprises two distinct commercial spaces. One unit boasts a rich history as a gold/coin shop, while the adjacent unit was originally designed for cold storage or as a meat locker, showcasing its adaptable nature. Upstairs, a residential apartment provides additional income potential, featuring two bedrooms and one bathroom. While the property requires rehabilitation, its substantial size and prime location within the East Village TIF District offer significant upside for the right buyer. The building's existing infrastructure and zoning provide a solid foundation for a range of commercial ventures, making it an attractive prospect for both seasoned investors and those entering the market for the first time. The low purchase price makes this a particularly compelling opportunity to acquire a substantial property in a desirable area with significant redevelopment potential. This property is being sold as-is.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.5868
- Latitude
- 40.7003
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
