637 W Main Street, Peoria, IL, 61606

Highlights

• Prime 7,369 sq. ft. multi-use commercial property, zoned WM for versatile use
• Income-generating ground floor commercial spaces as well as billboard income
• Three occupied 2-bed 1-bath residential units with balconies on the second floor
• Long-time retail tenants occupy main level spaces with over 9 years of tenancy
• Recent updates: tuckpointing, exterior painting, new roof, windows, and boiler
• Two fully renovated commercial units & upgraded HVAC for one commercial unit
• Property offers a private surface parking lot in the rear of the building
• Walking distance to the emerging arts hub on Sheridan as well as major hospitals
• Contact Broker for financials

Description

Presenting an exceptional opportunity with this 7,369 sq. ft. multi-use commercial property in Peoria, IL. Zoned WM for versatile use, this property features income-generating ground floor commercial spaces, including billboard income. The three fully occupied 2-bed 1-bath residential units on the second floor offer attractive balconies. Boasting recent updates such as tuckpointing, exterior painting, a new roof, windows, and a boiler, this property is well-maintained. Additionally, two fully renovated commercial units, upgraded HVAC, and a private surface parking lot in the rear enhance its appeal. Situated within walking distance to the emerging arts hub on Sheridan and major hospitals, this property beckons as an enticing prospect for Retail / Street Retail investors.

Immerse yourself in the heart of Peoria, IL, where the property offers an unparalleled opportunity for retail and street retail investment. Nestled within a vibrant community, this prime location on W Main Street provides access to a dynamic mix of retail and dining establishments. The area's close proximity to the Peoria Riverfront Museum and the Peoria Civic Center ensures a steady flow of visitors, while the bustling energy of downtown Peoria guarantees high visibility and foot traffic. The vibrant art district at the corner of Sheridan and Main Street adds an artistic flair to the neighborhood, drawing in culture enthusiasts and offering a unique blend of creativity and commerce. With its strategic position at the center of this thriving retail landscape, the property presents an ideal canvas for investors seeking to capitalize on the city's vibrant commercial potential.

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