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Financial
Distress signals
Property profile

2627 N Sheridan Rd Peoria, IL 61604

FOR SALE
Commercial real estate
Property ID
US28-1285610
Last sale Jan 2024 · $75,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$900
Tax billed · 2023
Assessed value$10k
Assessed land$5k
Assessed improvement$4k
Effective rate9.40%

Value estimate

· Oct 2026
$75k
$68k – $83k
AI approach$75k
NOI build-up
Gross scheduled income$41k
Vacancy & credit loss−$2k
Operating expenses−$12k
NOI · 11.91% cap applied$27k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$109/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$47 – $167

Cap rate analysis

How does the asset earn?
11.91%
$27k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPEORIA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.7
Spa & Massage15.2
HVAC Service13.6

Location

2627 N Sheridan Rd Peoria, IL 61604
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3222 Harmon, Peoria, IL 61604-5919 $125,000 Feb 2026 No data
3605 Parish, Peoria, IL 61604-1361 $1,300,000 Jan 2026 No data
311 Western, Peoria, IL 61604-5638 $240,000 Dec 2025 No data
2601 Forrest Hl, Peoria, IL 61604-1812 $550,000 Dec 2025 No data
2002 Heading, West Peoria, IL 61604-5136 $175,000 Oct 2025 No data
817 Cortland, West Peoria, IL 61604-4940 $220,000 Oct 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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