1901 N Sheridan Rd, Peoria, IL, 61604

1901 N Sheridan Rd Peoria, IL 61604

1901 N Sheridan Rd, Peoria, IL, 61604
1901 N Sheridan Rd, Peoria, IL, 61604 1901 N Sheridan Rd, Peoria, IL, 61604 1901 N Sheridan Rd, Peoria, IL, 61604 1901 N Sheridan Rd, Peoria, IL, 61604 1901 N Sheridan Rd, Peoria, IL, 61604 1901 N Sheridan Rd, Peoria, IL, 61604 1901 N Sheridan Rd, Peoria, IL, 61604 1901 N Sheridan Rd, Peoria, IL, 61604 1901 N Sheridan Rd, Peoria, IL, 61604
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$179,900
Last Verified:
Oct 08, 2024

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Description

6 Unit Mixed Use Property
The main floor is currently occupied by a Digital POS Machine Company (2 units) and a Church. Tenants are short term but potential to extend lease depending on terms.
The second floor has 3 multifamily apartment units with a common access vestibule and corridor.
Great opportunity to own a multi-unit commercial property in the soon-to-be-upgraded Sheridan Road Commercial Corridor.
Opportunity Zone

ELIZABETH 1ELIZABETH PLACE SE 1/4 SEC 32-9N-8E LOTS 1-2 BLOCK 1


Year Built: 1970
Building Size: 9156sq ft
Building Class: B
Lot Size: 0.18 acres


Documents

1901 Sheridan Brochure_9.27.24.pdf

Map of 1901 N Sheridan Rd, Peoria, IL, 61604

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.