1411 Adams StPeoria, IL 61603

  • Commercial real estate
For Sale
$125,000 View listing

Property Details for 1411 Adams St

Property type
Commercial real estate
APN
18-03-401-023
APU
1803401023

Description

This exceptional 1930s-era commercial property, located at 1411 NE Adams Street in Peoria, Illinois, presents a unique investment opportunity. The vacant building offers street-level retail or office space, ideal for owner-operators seeking a prominent downtown location. The property is zoned for commercial use and includes a single building situated on a land parcel in the heart of Peoria, zip code 61603. The asking price is $125,000. Given its prime location and historic character, this property is well-suited for a variety of commercial ventures. The building's age offers the potential for adaptive reuse, allowing for creative design and customization to suit a specific business model. The property's vacant status provides immediate occupancy, eliminating the need for tenant negotiations or leasehold improvements. This presents a significant advantage for buyers seeking a quick start to their business operations. The property's location in Peoria, IL, offers access to a thriving local market and a strong regional economy. This is an excellent opportunity to acquire a well-positioned commercial property in a desirable downtown area. Serious inquiries are encouraged to explore the potential of this unique investment. The property is also listed under a separate identifier, PA1238459.

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.7024
Longitude
-89.5736
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,650
$5,000
$12,540
$17,540
-
$15,000
$37,620
$52,620

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