For Sale
$499,000

3523 Farmington Rd Peoria, IL 61604

Five Buildings, High-Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional West Peoria, IL commercial property, located at 3523 W Farmington Road, presents a lucrative investment opportunity. The 2-acre site boasts five buildings, offering diverse income streams. Currently, fifteen storage units generate $75/month each, while a leased car lot brings in $1,000/month. The lot also includes a 30x30 workshop. A main building features a front office, two bathrooms, two upstairs offices, a kitchen area, and additional storage rooms. Another building serves as a woodworking shop. The property's prime location on Farmington Road, across from a Speedway gas station, ensures high visibility and accessibility. The asking price is $499,000, and does not include tools or machinery. However, hoists and automotive equipment are available for an additional negotiated price. Built in 1974, this property offers significant potential for increased rental income through improvements to the storage units and further development of the existing buildings. The property's versatility and established income streams make it an attractive investment for a variety of commercial ventures. The zip code is 61604.

Highlights

  • $499,000 asking price.
  • Land and retail property in West Peoria, IL.
  • 1974 construction with five buildings on approximately two acres.
  • Includes 15 storage units renting for $75/month, a leased car lot generating $1,000/month, and a 30x30 workshop.
  • Additional buildings include a woodworking shop and a main building with office space, bathrooms, and storage.

Property Details for 3523 Farmington Rd

Property type
Retail properties, Land
Year Built
1974
Buildings
5

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.7030728
Longitude
-89.6496299

FAQs

What type of property is this?
Retail property - Five Buildings, High-Income Potential
Where is the retail property located?
The property is located at 3523 Farmington Rd Peoria, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: $499,000 asking price.; Land and retail property in West Peoria, IL.; 1974 construction with five buildings on approximately two acres.
How can I contact the broker?
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3523 Farmington Rd
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