400 JEFFERSON Avenue Peoria, IL 61603

For Sale
400 JEFFERSON Avenue
Peoria, IL 61603
Price: $799,900
Type: Commercial Sale Commercial
Lot Size (Acres): 0.65
Agent: Jared O Brien
Agent Phone: 309-256-4374
Agent Email: jobrien@maloofrealty.com
Broker: Jim Maloof/REALTOR
Broker Email: obrienteam@maloofrealty.com

What a fantastic real estate opportunity! This beautiful 5 story brick building is located directly off of I74 in the heart of downtown Peoria. With panoramic river views and overlooking the festive lights of the Murray Baker Bridge, you will quickly see how locations like this one are few and far between. The 1st & 3rd floors were renovated in 2019 with new carpet and fresh paint, the 1st floor bathrooms were renovated as well in 2019. Heating system is 5yrs old. Each room is wired for T3. Current lease income is $12,888 monthly. Security system is 4 yrs old and stays with the sale of the property. Barrell style roof. Total square footage is 31,694. Additional income available as nearly 2 floors are unoccupied. Current tenants would prefer to continue their leases. Come see what makes this property so special, please enjoy your tour!