1,550 SF - 1.5 story office building on University Street for sale.
Recent updates include new roof, new commercial grade gutters/downspouts, new 95% efficiency furnace and central air, new flooring throughout the main floor, updated restroom, updated electrical main, new sump pump and new water heater.
High traffic area near the intersection of War Memorial on University.
Excellent visibility
Central location in Peoria with easy access from I-74 less than 1 mile away.
Large 0.48 acre lot in rear - perfect for future expansion.
Property has recently undergone interior renovations.
Zoned O-1
BRATTON'S SUB NE 1/4 SEC 29-9-8E BEG INTERSEC E LN UNIVERSITY AVE & N LN STRATFORD DR:
TH NW 14.2' N 87.5' E 11' N 12.7' E 181.45' S 110.3' W 182.45' TO POB PT LOT 14 0.4829 AC
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.
