2504 Rohmann Ave, West Peoria, IL 61604-5031
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.