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Adaptive Reuse or Redevelopment

$89,000

2300 S. Oregon Street, Peoria, IL 61605

Active
Last Updated: 06/30/2026

13,000 sqft

Building Size

0.33 acres

Lot Area

Details:
Building Size:    13,000 sqft
Lot Area:    0.33 acres
Highlights:
  • 13,000 SF church building
  • Zoned R8 for a variety of uses
  • Currently under a variance for church use
  • 0.33 acre corner lot with on-street parking
  • Building in need of T.L.C with some repairs started
  • Potential for multifamily development or neighborhood green space
Description:

13,000 SF Peoria Redevelopment Opportunity – Zoned R8
Perfectly suited for special-purpose, religious, or multifamily investors, this versatile property offers potential for adaptive reuse or development. The 13,000 SF layout pairs with flexible R8 zoning to accommodate a diverse range of projects. Located in a well-established Peoria neighborhood, it provides excellent visibility, rapid interstate access, and strong local connection.

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

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