216 NE Perry Ave, Peoria, IL, 61603

216 NE Perry Ave Peoria, IL 61603

216 NE Perry Ave, Peoria, IL, 61603
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$649,000
Last Verified:
Nov 27, 2024

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Highlights

  • 6,300 sq. ft. building
  • .5 acre lot with ample parking
  • Natural wood throughout
  • Many windows offer natural light
  • Several private offices
  • Multiple fireplaces
  • Conference room
  • Storage space in basement and attic

Description

Downtown Peoria office building

Located in Peoria, IL, the area surrounding the property offers a dynamic blend of historical charm and modern amenities. Nearby, you'll find the Peoria Riverfront, a bustling hub of dining, entertainment, and picturesque river views. The area also boasts convenient access to downtown Peoria, home to a vibrant business community and cultural attractions like the Caterpillar Visitors Center and the Peoria Civic Center. With a mix of office spaces and thriving businesses, the location presents an ideal opportunity for office building investors looking to tap into Peoria's economic potential and strong community spirit.

Building Size: 6300sq ft
Building Class: B
Lot Size: 0.5 acres


Documents

Sale Brochure

Map of 216 NE Perry Ave, Peoria, IL, 61603

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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.