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Property profile

2627 Sheridan Rd Peoria, IL 61604

FOR SALE
Commercial real estate
Property ID
US28-1285610
Individually Owned 1-yr Hold Free & Clear

Property summary

AI-generated overview

This 4,535 sq ft building in Peoria, IL, offers a high-visibility storefront at a lighted intersection. The property includes 3,735 sq ft of main floor space featuring original wood floors, 800 sq ft of upper-level office space, and a full unfinished basement for storage. A rear commercial double-door entrance is ideal for deliveries. The sale also includes an adjacent parcel providing paved parking. Built in 1920, this single-story building sits on a 0.09-acre lot and is zoned ST (Sheridan Triangle Form District). Permitted uses include most commercial categories (excluding certain exceptions as defined in Section 5.6 of the municipal code) and civic uses (excluding passenger terminals, solar facilities, and social service institutions). The property is located within Peoria Urban Enterprise Zone #8 (PUEZ #8), potentially offering sales tax exemptions and property tax abatements. The asking price is $160,000 ($35.28/sq ft). The building is currently vacant.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 14-32-279-010
UPID US28-1285610

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising
  • Marketing & Advertising
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Clothing Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2025
Last sale
$75,000
7 recorded transactions
2025
Price N/A
2024
Price N/A
2024
$75,000
2022
Price N/A
2021
Price N/A
2018
$30,100
2017
$93,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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