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34435286
34435291

501 MEADOW AVE, EAST PEORIA, IL 61611-2914 For Sale

RE/MAX Traders Unlimited
Listed by RE/MAX Traders Unlimited
$350,000
2 days on market
Updated 2 days ago

501 Meadow Ave. East Peoria

Details
APN 01-01-34-401-020
Property Type Retail
Square Footage 17,210
Units 1
Tenancy Vacant
Year Built 1968
Stories 1
Lot Size (SqFt) 38,155
Zoning B-3
Ground Lease No

About This Property for Sale

Marketing description

.Positioned in one of East Peoria's most desirable commercial corridors, 501 East Meadow Avenue offers an outstanding opportunity for an owner user, investor, or tenant seeking value and flexibility. This 17,210 square foot B3 zoned commercial building features durable block construction, a drive through overhead door, and 36 on site parking spaces, making it well suited for a variety of commercial uses.

The property currently has some deferred maintenance, creating an excellent opportunity for a buyer to build equity through renovations while capitalizing on East Peoria's strong commercial market. For prospective tenants, the owner is willing, with an acceptable lease, to address the deferred maintenance and complete renovations, offering the opportunity to occupy a newly improved space without the cost and responsibility of ownership.

Whether you're looking to purchase or lease, this property's highly visible location, flexible B3 zoning, and excellent access to major roadways make it an exceptional opportunity. Aggressively priced for sale and offering flexible lease opportunities, 501 East Meadow Avenue is well positioned to meet a wide range of commercial needs.

Investment highlights

  • 17,210 square foot commercial building
  • B3 zoning allows for a variety of commercial uses
  • Desirable East Peoria location with excellent visibility
  • Durable block construction
  • Drive through overhead door
  • 36 on site parking spaces
  • Excellent access to major roadways
  • Flexible floor plan for a variety of business types

Listing Contacts

RE/MAX Traders Unlimited
Listed by RE/MAX Traders Unlimited

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