Property summary
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. The building's 2,387 square feet offer ample space for a variety of retail uses, making it an ideal investment for entrepreneurs seeking a prime location with significant growth potential. The property's address is 603 N Western Ave, Peoria, IL 61604. The convenient location, combined with the property's size and visibility, presents a rare opportunity to establish a thriving business in a bustling area. This is a single-tenant property, offering a unique chance to secure a prominent retail space in a high-demand location. The property's size and location make it an attractive investment for those seeking a strong return on investment in a thriving Illinois market.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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