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29976620
29976621

4218 N Sheridan Rd, Peoria, IL 61614

Vieweg Real Estate
Listed by Vieweg Real Estate
$500,000
102 days on market
Updated 63 days ago

PEORIA VALUE ADD STRIP CENTER - FOR SALE - HIGH VISIBILITY

Details
APN 1428101001
Property Type Office, Retail
Sub Type Convenience Store, Office (+1)
Square Footage 6,515
Net Rentable (SqFt) 6,515
Units 4
Occupancy 80%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 14.33%
Pro-Forma NOI $71,665
Price per SqFt $77
Class C
Year Built 1940
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.490
Zoning COM
Parking Spaces 15 spaces
Parking Per SqFt 2.30
Investment Type Value Add
Occupancy Date 04/06/2026
Sale Condition For sale by owner

Office | 6,515 SqFt

Marketing description

Positioned along the highly traveled Sheridan Road corridor, 4218 N Sheridan Avenue presents a versatile commercial opportunity ideal for investors or owner-users seeking visibility, flexibility, and long-term upside in a well-established retail and service trade area.

The property features a functional commercial layout designed to accommodate a wide range of retail, showroom, office, or service-oriented uses. The building offers open floor plans with flexible interior configurations, allowing users to easily customize the space to fit operational needs. Large storefront windows provide strong natural light and street exposure, enhancing both customer experience and business visibility.

Inside, the property includes expansive showroom areas complemented by private rooms suitable for offices, storage, or operational support space. The layout supports efficient customer flow while maintaining adaptability for multiple tenancy options or single-user occupancy. Existing infrastructure and clean interior conditions provide a strong foundation for renovation or immediate occupancy, allowing new ownership to add value through cosmetic improvements or tenant repositioning.

Strategically located on North Sheridan Avenue, the property benefits from consistent daily traffic counts, established surrounding retail, and convenient access to major commercial corridors throughout Peoria. The area serves a dense residential population and active commercial base, making it an attractive location for retailers, service providers, medical users, or professional office tenants.

This offering represents an excellent opportunity for investors seeking a value-add commercial asset or owner-users looking to establish a presence in a high-visibility corridor. With flexible zoning potential, adaptable interior layouts, and strong accessibility, 4218 N Sheridan Avenue provides a rare combination of usability and long-term investment potential.

Investment highlights

  • HIGH VISIBILITY
  • HIGH TRAFFIC COUNTS
  • Value Add Center
  • FRESH SEAL COAT
  • NEW ROOF 2019 - ( 20yr Warranty)
  • NEW FACE LIFT
  • NEW TENANTS
  • ONE VACANCY
  • VACANT UNIT IS WHITE SHELLED

Listing Contacts

Vieweg Real Estate
Listed by Vieweg Real Estate

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