4615 PROSPECT Peoria Heights IL 61616

$ 2,300,000.00
  • Property ID: 370807
  • Date added: 09/27/23
  • OriginalListPrice: 2700000
  • Post Updated: 2024-07-04 11:37:45
  • Type:
  • Status:
  • Lot size: 43854 sq ft
  • MLS #: RMAPA1245684
  • RMA_WaterCompany: Peoria Heights Water

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PRIME COMMERCIAL PROPERTY FOR SALE IN THE HEART OF PEORIA HEIGHTS BUSINESS DISTRICT. With its unbeatable location among a thriving community of restaurants, shops, and businesses, this is an amazing NEW redevelopment. Located in the center of Village’s bustling business district, it is an unmatched and strategic location. High visibility on Prospect Road with an impressive 163′ frontage. MODERN RENOVATION: This property is undergoing a complete transformation featuring a clean and modern exterior. With its large footprint of just over 1 acre, a buyer will have endless opportunities for further development. The property’s PRIVATE PARKING LOT, with 81+ spaces is a sought after amenity making is easy for the businesses and customers who reside here. INVESTMENT POTENTIAL: With a booming local economy and a continuously growing business district, this property promises not only stable income but also substantial appreciation in value over time. SIGNED NDA FOR MATERIALS (LEASES, RENOVATION COSTS, SURVEY, ENVIRONMENTAL PHASE I, ETC.)

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Location Details

  • County: Peoria
  • Directions to Property: From War Memorial Dr: North on Prospect Road. On the southwest corner of Prospect Road and Duryea Avenue.
  • Zoning: COMMERCIAL

Property Details

  • BuildingAreaTotal: 18724
  • BuildingName: PROSPECT MALL
  • Cooling: Central Air, Individual Units
  • Levels: One, Basement, Free Standing, Multi-Tenant
  • # of Buildings: 2

Property Features

  • MlgCanView: 1
  • HEATING: Forced Air, Individual Unit
  • FRONTAGE/ACCESS: City Street, Corner Lot, Frontage Road, Paved 4Lane
  • FLOORING: Concrete, Reinforced Concrete
  • SEWER SOURCE: Public Sewer
  • WATER SUPPLY: City Water/Connected

Fees & Taxes

  • Tax Year: 2023
  • TaxAnnualAmount: 28626.34


  • PROPERTY USE: Freestanding Building, Office, Retail, Bar/Tavern, Restaurant

Courtesy of

  • Office Name: Keller Williams Premier Realty

This style property is located in Peoria Heights is currently and has been listed on Rhoades Real Estate. This property is listed at $ 2,300,000.00. It has bedrooms, bathrooms, and is . The property was built in year.

  • 130 N. Main Street Canton, IL 61520

  • (309) 647-8811

  • RhoadesRealtors@gmail.com