1245 Main StPeoria, IL 61606

For Sale
$675,000

Mixed-use property near Bradley University. High rental income potential.

Overview

Added:
Feb 3
Days on market:
39
This exceptional 8,346 square foot commercial building presents a remarkable investment opportunity in the vibrant city of Peoria, Illinois. Strategically located on West Main Street, this property enjoys a highly desirable position just a short distance from Bradley University, ensuring a consistent flow of potential customers and tenants. The main floor offers a spacious and adaptable retail area, perfect for a variety of businesses. Adding to its appeal, the upper levels comprise four well-maintained apartments, generating substantial rental income. Recent improvements include a brand new roof, upgraded mechanical systems, and fresh paint in several areas, minimizing immediate maintenance needs and maximizing return on investment. The 0.14-acre lot provides ample space for outdoor activities or potential expansion. This versatile property is ideally suited for entrepreneurs seeking a turnkey operation, offering a blend of retail and residential income streams. Its convenient location near dining, shopping, and entertainment venues, coupled with easy access to major highways and public transportation, makes it an exceptionally attractive proposition. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving area. Don't miss out on this chance to secure a valuable asset in a prime Peoria location.

Property Details for 1245 Main St

Property type
Other commercial real estate
Square Feet
8,346 SF
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.69998
Longitude
-89.61299
1245 Main St, Peoria, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1245 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message