3709 Sheridan Rd, Peoria, IL, 61614

3709 Sheridan Rd Peoria, IL 61614

3709 Sheridan Rd, Peoria, IL, 61614
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$159,000
Last Verified:
Aug 07, 2024

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Description

1,463 SF mixed use building for sale. Originally built as a single family residence in 1929 but has been used for office purposes for over 20 years.
Main floor consist of 1,127 SF of commercial space that could be used for office or retail.
Open layout in the main floor setup for office use with a kitchen, separate conference area, one private office and a restroom. Additional room in the basement for storage.
The upper-level measures 336 square feet and is configured into a 1-bedroom/1-bathroom residential apartment.
Income producing with the apartment currently rented.
Recent updates include new roof (2020) and new LED lighting, main floor ceilings, fixtures, flooring, kitchen & paint (2022). Over $30,000 in improvements by the current owner in recent years.
Centrally Located just off the corner of War Memorial and Sheridan Road.

BRATTON'S SUB NE 1/4 SEC 29-9-8E BEG NE COR LOT 1: TH W 135' S 42.5' E 135' N 42.5' TO POB (EXC SHERIDAN RD ROW AS DESC PER DOC #94-15708) PT LOT 1


Year Built: 1972
Building Size: 1463sq ft
Building Class: B
Lot Size: 0.12 acres


Documents

3709 Sheridan brochure_7.23.24.pdf

Map of 3709 Sheridan Rd, Peoria, IL, 61614

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.