321 NE MADISON Avenue

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321 NE MADISON Avenue

Peoria, IL 61603-3605
Asking Price
$2.80M
Asset Type
Retail
Class
Class B

What's Special

Located at 321 NE Madison Avenue, this commercial property is situated in the heart of downtown Peoria's central business district. The neighborhood features a mix of high-density office buildings, government facilities, and established medical centers, including the nearby OSF Saint Francis Medical Center. The site offers immediate proximity to Peoria City Hall and the Peoria Civic Center, benefiting from consistent daytime foot traffic. Transportation access is convenient via Interstate 74, which is located just blocks away, and the property is well-served by several local transit routes. This retail asset is suited for high-traffic service providers or specialty storefronts aiming to capture the downtown workforce and local visitor base. Ideal use cases include boutique retail, professional service centers, or convenience-based establishments. Given the surrounding professional landscape, a typical tenant profile includes established regional businesses or franchised services that cater to government employees, healthcare professionals, and event-driven crowds. The street-level visibility and pedestrian-friendly surroundings support diverse commercial applications.

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NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.27%
Monthly Payment
$13,852.872
Annual Cash Flow
$-86,234.467

Location & Travel Times