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34498613
34498626

4218 N Sheridan Rd, Peoria, IL 61614 For Sale

Vieweg Real Estate
Listed by Vieweg Real Estate
$499,000
150 days on market
Updated 6 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 50%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 14.36%
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 1,000 SqFt 2.30
Investment Type Value Add
Occupancy Date 04/06/2026
Ground Lease No
Sale Condition For sale by owner

Office | 6,515 SqFt

Marketing description

4218 N. Sheridan Rd. | Peoria, IL

For Sale or Lease

Owner-User or Investment Opportunity

Position your business in a highly visible retail corridor with excellent traffic counts and easy access. This well-maintained four-unit commercial building offers flexibility for both owner-users and investors, with two existing tenants providing income and two move-in-ready vacancies.

The available suites range from approximately 1,200 to 1,400 square feet and have been white-boxed, allowing new owners or tenants to customize the space to fit their business needs. Whether you're looking to occupy one suite while collecting rental income or lease all four units as an investment, this property offers exceptional versatility.

Recent capital improvements include a newer roof, fresh exterior paint, and a newly seal-coated and striped parking lot, providing strong curb appeal and minimizing near-term maintenance expenses.

With outstanding frontage, strong visibility, and endless potential for retail, office, medical, or service-oriented businesses, this property is well-positioned for long-term success.

Property Highlights

  • Four-unit commercial retail/office building
  • Two income-producing tenants in place
  • Two vacant white-box suites ready for immediate occupancy
  • Available suite sizes of approximately 1,200–1,400 SF
  • Newer roof
  • Freshly painted exterior
  • Recently seal-coated and striped parking lot
  • Excellent visibility with easy access
  • Ideal for an owner-user or value-add investor

Sale Price: $499,000

Seller Financing Available: Contract for deed/seller financing terms available for qualified buyers at a slightly higher purchase price.

Whether you're expanding your business, investing in commercial real estate, or seeking a combination of occupancy and passive income, 4218 N. Sheridan Rd. presents an outstanding opportunity in one of Peoria's established commercial corridors.

Investment highlights

  • HIGH VISIBILITY
  • HIGH TRAFFIC COUNTS
  • Value Add Center
  • FRESH SEAL COAT & Striping
  • NEW ROOF 2019 - ( 20yr Warranty)
  • NEW FACE LIFT
  • NEW TENANTS
  • TWO VACANCIES AS PICTURED
  • VACANT UNIT IS WHITE SHELLED

Listing Contacts

Vieweg Real Estate
Listed by Vieweg Real Estate

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