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Property profile & analytics

2504 Rohmann Ave West Peoria, IL 61604-5031

  • Commercial real estate
OFF-MARKET
Value Estimation
$125,000
Last Sale
Nov 18, 2024
$130,000
Location Intelligence
Property ID
US28-2546983
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 2504 Rohmann Ave

Property type
Commercial real estate
APN
18-07-126-014
APU
1807126014

Description

This exceptional mixed-use property, located at 2504 W Rohmann Ave in West Peoria, Illinois, presents a compelling investment opportunity. The 4,284 square foot building, constructed in 1940, is classified as a Class B property and sits on a 0.26-acre lot. Currently configured as a storefront and warehouse, this single-story structure offers a versatile layout ideal for a variety of businesses. The main floor provides a largely open space, perfect for retail or showroom purposes, while a full basement offers ample storage capacity. Its strategic corner location at the intersection of Sterling and Rohmann Avenue benefits from significant daily traffic counts of 9,150 vehicles, ensuring high visibility and accessibility. The property is zoned B-1 General Business District, allowing for a range of commercial uses. The asking price is $149,000, translating to $34.78 per square foot. This presents a rare chance to acquire a well-situated, established commercial property in a thriving area of West Peoria, with the potential for immediate income generation or redevelopment. The property's existing tenant is a hardware store. The property's zip code is 61604.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $130,000
  • CAP approach

    CAP return
    Estimation
    6%
    $130,000
    6.5%
    $125,000
    7%
    $115,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $110,000
    Geo Method
    $120,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $105,000
    Retail
    $95,000
    Mixed-Use
    $120,000
    Hospitality
    $130,000
    Educational
    $125,000
    Residential Income
    $95,000
    Energy
    $100,000
    Income-Based Land
    $110,000
    Food Service
    $100,000

Location Insight

  • Map
  • Local Demand
City
West Peoria
County
Peoria
State
Illinois
Longitude
-89.6327
Latitude
40.6958
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,719
$8,920
$57,110
$66,030
-
$26,760
$171,330
$198,090
More about this property
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