About This Home

This 0-bedroom, 0-bathroom commercial at 514 W MAIN Street in Peoria, IL is listed for $850,000. on a 1.65 acres lot.

Key Features

  • 1.65 acre lot
  • 2 stories

Property Details

2 stories

Amenities

A/C
Listing Description

Great opportunity to purchase for use or redevelop 1.65 acres on highly traveled Main St. between the hospitals and Bradley University. This large piece of land would be perfect for multi-use housing/retails development. One building was a previous car dealership with lots of space for storage.

Adjacent building section has apartments above and office space. On the other side of the parking lot is a former restaurant building. All can be sold together or negotiable to split the buildings. Additional adjacent parcels totaling 1.14 acres available for larger scale development.

Monthly Cost Estimate

$4,546/mo

20% down · 6.5% · 30 years

Principal$615
Interest$3,683
Insurance$248

Estimates only. Actual payments may vary.

Location

514 W MAIN Street

Peoria, IL 61606

Property Details

Flooring

Concrete

Construction

Brick Stone Frame

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 514 W MAIN Street is listed at $850,000. The estimated monthly payment is $4,546 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 1.65 acre lot, 2 stories.

This property is listed by Zachary Oyler.

ZO

Zachary Oyler

Agent at Keller Williams Premier Realty

Listed by Keller Williams Premier Realty · Broker phone: 3092821555 · Broker website

MLS# PA1265504· Source: RMLS Alliance· 200 days on PropertySimple

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

514 W MAIN Street, Peoria, IL 61606

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