501 Mdw Ave East Peoria, IL 61611-2920
Property profile & analytics
501 Mdw Ave East Peoria, IL 61611-2920
- Retail space
- 17,210 SF
- 0.87 lot acres
Property ID
US28-0176439
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 501 Mdw Ave
- Year built
- 1968
- Lot size
- 0.87 lot acres
- Property size
- 17,210 SF
- Property type
- Retail space
- APN
- 01-01-34-401-020
- APU
- 10134401020
Description
This bank-owned, 17,210 square foot commercial property in East Peoria, Illinois, presents a compelling value-add investment opportunity. Situated on a 0.58-acre lot (APN 01-01-34-401-020), this single-story, 1940-built building offers versatile usage potential. Previously utilized as a warehouse and executive office, the property features two drive-in doors adaptable for dock conversion, and multiple cargo entrances, ideal for various businesses. The zoning is C2, allowing for a range of commercial uses including retail, warehouse, or office space. The building boasts a 19-foot ceiling height, adding to its functional appeal. The asking price is $249,900. This property's multiple use options and strategic location in East Peoria make it an attractive prospect for investors seeking a flexible and potentially high-return investment. The property's size and features make it suitable for a variety of businesses, from storage and distribution to retail and office spaces. The existing infrastructure provides a solid foundation for immediate occupancy or renovation to suit specific business needs. Don't miss this chance to acquire a versatile commercial property in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- East Peoria
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.5496
- Latitude
- 40.6663
- 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
$13,052
$24,770
$110,060
$134,830
-
$74,310
$330,180
$404,490
