1714 N Gale Ave - Storefront Retail/Residential FOR SALE


Peoria, IL 61604- West Peoria
$300,000 USD
309-453-3061
1714 N Gale Ave, Peoria, IL for Sale
$300,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

1714 N Gale Ave
Peoria, IL 61604
West Peoria


HIGHLIGHTS

  • Includes Furnished Two Bedroom Apartment Upstairs
  • Fully furnished
  • High Traffic Area
  • Fully Operational Detail Shop
  • Barber/ Beauty Shop
  • Centrally Located

OVERVIEW

This mixed-use property presents a compelling opportunity for investors or owner-users seeking retail and residential income in a centralized Peoria location. The two-story building combines a fully operational retail component with a furnished two-bedroom apartment on the second floor, offering immediate potential for live-work arrangements or dual revenue streams. Situated in a high-traffic area with pylon signage and 112 feet of frontage along N Gale Avenue, the property ensures strong visibility and convenient access for customers. The existing setup includes a barber/beauty shop and a detail business, supported by dedicated parking for five vehicles and excellent street presence. Recent renovations in 2024 enhance operational readiness while maintaining a flexible design for various retail or service uses. Located within an Opportunity Zone, this asset provides qualified buyers with possible tax advantages to maximize long-term returns. The surrounding area hosts a healthy mix of retail, service businesses, and residential communities, with strong vehicular access and proximity to major regional routes. Whether seeking an owner-occupied solution or a stable mixed-use investment, this asset delivers location benefits and built-in versatility for sustained value growth.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C

APN/PARCEL ID

18-05-228-035

ASK ABOUT THIS PROPERTY

Sonya MilesMilestone Property ManagementMore Info
309-453-3061

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Sonya MilesMilestone Property ManagementMore Info
309-453-3061

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.