Jolean Overton-Austin
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
An opportunity to own one of Peoria's recognizable landmark properties. Situated on approximately 1.10 acres across seven parcels, this unique commercial offering occupies a highly visible triangle block at the split of Jefferson Avenue and Adams Street, providing exceptional exposure and convenient access from multiple directions. The property features two freestanding buildings totaling approximately 4,712 square feet. The iconic two-story building formerly operated as the historic Peoria Hofbrau, with restaurant space on the main level and an apartment above. A separate single-story building previously served as the commercial kitchen, creating flexibility for a variety of future uses, redevelopment concepts, or owner-occupied business opportunities. With ample on-site parking, commercial zoning, Enterprise Zone location, and a well-established presence near downtown Peoria, this property offers endless possibilities for investors, entrepreneurs, restaurateurs, mixed-use redevelopment, or other commercial ventures. Bring your vision and breathe new life into a piece of Peoria history.
Property Highlights
Property Type: Commercial - Industrial
Building Description: 2.0 stories
Available Sqft: 4712
Lot Size: 1.10 acres
General Information
County: Peoria
Listed By:
Keller Williams Premier Realty
Listings@brysonsmithteam.com
RMLSA
MLS ID: PA1269429
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2210 NE Jefferson Avenue, Peoria, IL 61603.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,300,000 | $1,300,000 | $1,300,000 |
| Down Payment | $45,500 | $0 | $260,000 |
| Monthly Mortgage Amount | $7,963 | $8,394 | $6,574 |
| Taxes | $1809 | $1809 | $1809 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $780 | $0 | $0 |
| Monthly Estimated Total | $10,931 | $10,582 | $8,762 |
Jolean Overton-Austin
REALTOR®
ABR, CRS, AHWD
Cell: (563) 676-6363
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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