# 514 W MAIN Street, Peoria, IL 61606

> **TL;DR:** commercial, $850,000.
> A/C. Est. $4,546/mo. Listed 201 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $850,000 |
| Lot Size | 71,874 sqft (1.65 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 201 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,298 |
| Estimated Insurance | $248 |
| **Total** | **$4,546** |

## Key Amenities

- A/C

## Property Highlights

- 1.65 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 514 W MAIN Street, Peoria, IL 61606
- **County:** Peoria
- **Coordinates:** 40.699345, -89.601005
- **Google Maps:** https://www.google.com/maps?q=40.699345,-89.601005

## Listing Agent

- **Name:** Zachary Oyler
- **Brokerage:** Keller Williams Premier Realty
- **Broker Phone:** 3092821555

## Photos

![514 W MAIN Street - Photo 1](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f824697533r.jpg)

![514 W MAIN Street - Photo 2](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f3746635297r.jpg)

![514 W MAIN Street - Photo 3](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f3438072378r.jpg)

![514 W MAIN Street - Photo 4](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f130704785r.jpg)

![514 W MAIN Street - Photo 5](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f3675750393r.jpg)

![514 W MAIN Street - Photo 6](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f4268254680r.jpg)

![514 W MAIN Street - Photo 7](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f712427506r.jpg)

![514 W MAIN Street - Photo 8](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f3278444846r.jpg)

![514 W MAIN Street - Photo 9](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f825179787r.jpg)

![514 W MAIN Street - Photo 10](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f3791022240r.jpg)

![514 W MAIN Street - Photo 11](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f334934866r.jpg)

![514 W MAIN Street - Photo 12](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f875665210r.jpg)

![514 W MAIN Street - Photo 13](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f3930638409r.jpg)

![514 W MAIN Street - Photo 14](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f993381508r.jpg)

![514 W MAIN Street - Photo 15](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f2262739548r.jpg)

![514 W MAIN Street - Photo 16](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f2060509197r.jpg)

![514 W MAIN Street - Photo 17](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f594691833r.jpg)

![514 W MAIN Street - Photo 18](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f4109285840r.jpg)

![514 W MAIN Street - Photo 19](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f3637027323r.jpg)

![514 W MAIN Street - Photo 20](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f323764417r.jpg)

![514 W MAIN Street - Photo 21](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f2558037657r.jpg)

![514 W MAIN Street - Photo 22](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f3304099642r.jpg)

![514 W MAIN Street - Photo 23](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f958962274r.jpg)

![514 W MAIN Street - Photo 24](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f2859689483r.jpg)

![514 W MAIN Street - Photo 25](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f1391990401r.jpg)

![514 W MAIN Street - Photo 26](http://lh.rdcpix.com/2fa3cc02cc5d5c85f2ef78d82da802b7l-f1112116943r.jpg)

---

**MLS#:** PA1265504 | **Updated:** 2026-10-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/514-w-main-street-peoria-il-61606-e7374112794c42dba64474867cc2ab3a)

---

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