2504 Rohmann Ave West Peoria, IL 61604-5031
- Commercial real estate
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
-
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