4712 Prospect RdPeoria Heights, IL 61616

Property Details for 4712 Prospect Rd

Year built

1920

Property size (Sq ft)

1,700 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional Peoria Heights commercial property presents a unique investment opportunity. Located at 4712 N Prospect Road, this 1,700 square foot building sits on a 6,000 square foot lot, zoned B-1. Built in 1920, the two-story structure offers potential for renovation or new construction, perfectly situated within the vibrant business district. The property benefits from its prime location on Prospect Road, surrounded by restaurants, shops, offices, and parks, enhancing its appeal and potential for high returns. The Village of Peoria Heights' charm, walkability, and safe environment create an attractive atmosphere for businesses and residents alike. Further enhancing its value, this property is located within both the Peoria Heights Tax Increment Financing (TIF) District and the Peoria Heights Business Development District (BDD), offering potential incentives. The 2023 property taxes were $3,292.26. The property is being sold as-is. This is an exceptional opportunity to acquire a well-positioned commercial property in a thriving Illinois community. The asking price is $350,000.

Location Insight

City

Peoria Heights

County

Peoria

State

Illinois

Latitude

40.745

Longitude

-89.5737

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