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Listed by Justin Ball • RE/MAX Traders Unlimited
$275,000
Est. payment /mo
1,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,550 sqft
Price per Sqft $177
MLS Listing ID PA1260252
Annual Tax Amount $2,666
Tax Year 2024
Lot Size 0.630 Acres
Acres 0.63
Property Sub-Type Commercial
Source rmlsa
Property Description
This investment property includes the 1,550 SF conveinence store and a large parking lot, totalling 0.63 acres, on the hard corner at the intersection of Western Ave. and Lincoln Ave. (State Route 116). This successful tenant has a new 5 year lease at $2750/mo and tenant pay all utilities. There is a 5 year option that includes a dramatic lease rate increase. Average annual daily traffic count (AADT) is 11,450. This property is located in the Peoria Urban Enterpise Zone Amendement 9 (PUEZ 9) which featuers incentives for developers. The sale includes two parcels - 1911 Lincoln & 1913 Lincoln (1807483033).
Location
State IL
County Peoria
Area Paar Area
Zoning CN Comm
Direction Corner of W. Lincoln Ave. (Route 116) and S. Western Ave.
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Concrete, Other, Tile
Fireplace N
Exterior
View true
Roof Type Composition Shingle
Garage 1
Building
Faces Corner of W. Lincoln Ave. (Route 116) and S. Western Ave.
Sewer Public Sewer
Water Municipal/City
Structure Type Block,Ornamental Block,Other,Frame
Others
Tax ID 18-07-483-033
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