2419 N Prospect Rd, Peoria, IL **Asset Class:** Mixed-Use / Commercial **Price:** $80,000 This substantial **commercial building** offers a versatile footprint for investors seeking an asset with **mixed-use** potential. Located in a high-visibility corridor, the property has undergone a comprehensive mechanical and structural overhaul within the last 24 months, making it a turn-key shell ready for immediate **commercial** operations or specialized business use. ### Recent Capital Improvements (2024-2026) * **Infrastructure:** Complete electrical and plumbing updates, including a new high-capacity water heater. * **Building Envelope:** New roof, energy-efficient windows, and updated commercial-grade exterior doors. * **Finishings:** New flooring throughout the expansive interior. * **Site Work:** 4-car concrete driveway providing essential off-street parking for **commercial** tenants. ### Permitted Mixed-Use & Commercial Applications The property's **mixed-use** designation allows for a diverse range of revenue-generating operations. This building is ideally suited for: * **Professional Suites:** Administrative offices for logistics, real estate, or private consulting. * **Service-Based Commercial:** Hair salons, fitness studios, or creative workshops. * **Retail/Office Flex:** Ground-floor retail with upper-level office or storage space. * **Clinic/Medical:** Outpatient services or specialized health suites. ### Targeted Investor Call We are looking for **investors with specific experience in zoning** and land-use navigation. This property is perfect for a buyer who understands how to leverage **mixed-use** codes to maximize the building's 2,750+ square footage. If you have experience in **commercial** permitting and adaptive reuse, this high-yield asset is priced significantly below replacement cost.
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