1901 Sheridan Rd Peoria, IL 61604

This exceptional mixed-use property at 1901 N Sheridan Rd, Peoria, IL 61604, presents a compelling investment opportunity. The 9,156 square foot building, constructed in 1970, is a two-story Class B structure situated on a 0.18-acre lot. Currently housing six units, the ground floor comprises two commercial spaces occupied by a digital POS machine company and a church. While the current tenants have short-term leases, there's potential for lease extensions depending on negotiated terms. The second floor features three multifamily apartment units, all accessed via a shared vestibule and corridor. This property benefits from its location within Peoria's Sheridan Road Commercial Corridor, slated for significant upgrades, promising future value appreciation. The building offers a blend of commercial and residential income streams, making it an attractive investment for those seeking diversification. The property's multi-tenant structure mitigates risk and provides a stable income base. This is a rare chance to acquire a well-positioned mixed-use asset in a developing area. The asking price is $179,900.