Description
Great opportunity to purchase for use or redevelop 1.65 acres on highly traveled Main St. between the hospitals and Bradley University. This large piece of land would be perfect for multi-use housing/retails development. One building was a previous car dealership with lots of space for storage. Adjacent building section has apartments above and office space. On the other side of the parking lot is a former restaurant building. All can be sold together or negotiable to split the buildings. Additional adjacent parcels totaling 1.14 acres available for larger scale development.
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Available Sqft: 31333
Lot Size: 1.65 acres
General Information
County: Peoria
Listed By:
Keller Williams Premier Realty
RMLSA
MLS ID: PA1265504
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514 W Main Street, Peoria, IL 61606.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $999,000 | $999,000 | $999,000 |
| Down Payment | $199,800 | $34,965 | $249,750 |
| Monthly Mortgage Amount | $4,728 | $5,960 | $6,122 |
| Taxes | $1390 | $1390 | $1390 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $599 | $0 |
| Monthly Estimated Total | $6,409 | $8,240 | $7,803 |