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Financial
Distress signals
Property profile

603 Western Ave Peoria, IL 61604

OFF-MARKET
Commercial real estate
Property ID
US28-1297622
Last sale Apr 2025 · $575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 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 exceptional retail opportunity presents a 2,387-square-foot freestanding building situated on a 0.47-acre lot at the highly visible corner of Western and Barker Avenues in West Peoria, Illinois. The property is currently vacant and offers a single-tenant occupancy. Its strategic location provides unparalleled access to a dense population base, boasting proximity to downtown Peoria, Bradley University, and major interstate highways, ensuring high visibility and substantial foot traffic. …

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?
$13k
Tax billed · 2023
Assessed value$145k
Assessed land$27k
Assessed improvement$118k
Effective rate8.66%

Value estimate

· Oct 2026
$695k
$626k – $765k

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.6
Dental Office17.2
Law Firm17.0

Location

603 Western Ave Peoria, IL 61604-5123
County assessor Recorded deeds · 10 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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