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220 & 222 Meadow Avenue, East Peoria, IL 61611

$280,000

5,500 sq ft
CLS# 1264661
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Prime investment opportunity in the heart of East Peoria! This mixed-use commercial property at 222 Meadow Ave offers strong income potential with four residential apartments and commercial space, making it an ideal addition to any investor’s portfolio.

Located in a convenient and highly visible area, the property provides easy access to major roads, local businesses, and the greater Peoria market. The combination of residential and commercial income streams offers diversification and consistent cash flow potential. Mixed-use commercial building 4 residential apartment units Commercial space with excellent visibility. Strong opportunity for investors or owner-operators great potential for value-add improvements after rehab. This property presents a rare chance to own a multi-income producing building in a growing East Peoria market.

Property Details

City
East Peoria
County
Tazewell
Type
Commercial Sale
New Construction
No
Zoning
B2
Square Ft.
5,500
Avail Square Ft.
5,500

Features

Roofing
  • Composition Shingle
Heating/Cooling
  • Forced Air
  • Natural Gas
  • Electric
  • Individual Unit
Water/Sewer
  • City Water/Connected
Lease Information
  • Not Applicable

Financials

2024 Taxes
6492.22
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of Jim Maloof Realty, Inc., Amber Neal, as of 03/07/2026 00:00am exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.