1028 Adams StPeoria, IL 61602

Property Details for 1028 Adams St

Property type

Commercial real estate

APN

18-09-356-001

APU

1809356001

Description

This exceptional 44-unit apartment building, constructed in 2017, is situated in the vibrant heart of Peoria's Warehouse District at 1028 SW Adams Street. The property boasts a total of 29,232 square feet and offers a unique blend of modern urban living with desirable amenities. Each of the 44 units features floor-to-ceiling windows, maximizing natural light and showcasing the building's stylish design. A variety of thoughtfully designed floor plans cater to diverse tenant needs and preferences. Residents enjoy convenient access to an on-site laundry facility, 24-hour secured access, a secure lower-level parking garage, and the peace of mind provided by on-site maintenance. Further enhancing the resident experience are a dedicated pet area/courtyard and a convenient elevator. Adding to the property's versatility, the main floor currently includes a vacant commercial space, presenting a significant opportunity for additional income generation through leasing or conversion into two additional apartment units. This property represents a compelling investment opportunity in a thriving urban setting. The building's modern construction, desirable location, and comprehensive amenities combine to create a highly sought-after residential community. The vacant commercial space offers significant potential for expansion and increased revenue streams. This is a rare chance to acquire a well-maintained, high-occupancy property in a rapidly developing area of Peoria. The asking price is $3,200,000.

Location Insight

City

Peoria

County

Peoria

State

Illinois

Latitude

40.6839

Longitude

-89.6013

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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