Adaptive Reuse or Redevelopment
$89,000
2300 S. Oregon Street, Peoria, IL 61605
13,000 sqft
Building Size
0.33 acres
Lot Area
Details:
Highlights:
- 13,000 SF church building on 0.33 acre corner lot
- Zoned R8 for a variety of uses
- Currently under a variance for church use
- On-street parking only as there is no parking lot
- Building is distressed and in need of full renovation
- Great potential for multifamily development or neighborhood green space
Description:
Introducing an exceptional opportunity for the savvy investor. This 13,000 SF building, situated on a prominent 0.33 acre corner lot, is zoned R8, allowing for versatile utilization. Currently under a variance for church use, the property offers the potential for a multitude of purposes. With on-street parking and an convenient location, this distressed building presents an excellent prospect for full renovation and transformation into a multifamily opportunity or neighborhood green space. An ideal canvas for a transformative investment endeavor.
This location offers superb accessibility, situated mere minutes from downtown Peoria and the thriving East Peoria Levee District. Immediate interstate access allows for quick travel throughout the region. Surrounded by densely populated, long-established residential communities, the site benefits from high visibility and strong neighborhood demographics.
KRAUSE PLACE NW 1/4 SEC 19-8N-8E LOTS 9 & 10
KRAUSE PLACE NW 1/4 SEC 19-8N-8E LOT 8 & W 20' LOT 7
Documents:
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Location
Gallery
