501 Mdw Ave, East Peoria, IL 61611-2920

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.