1714 N Gale Ave 3,600 SF Retail Building Peoria, IL 61604 $300,000 ($83.33/SF)

This mixed-use property presents a compelling opportunity for investors or owner-users seeking retail and residential income in a centralized Peoria location. The two-story building combines a fully operational retail component with a furnished two-bedroom apartment on the second floor, offering immediate potential for live-work arrangements or dual revenue streams.
Situated in a high-traffic area with pylon signage and 112 feet of frontage along N Gale Avenue, the property ensures strong visibility and convenient access for customers. The existing setup includes a barber/beauty shop and a detail business, supported by dedicated parking for five vehicles and excellent street presence. Recent renovations in 2024 enhance operational readiness while maintaining a flexible design for various retail or service uses.
Located within an Opportunity Zone, this asset provides qualified buyers with possible tax advantages to maximize long-term returns. The surrounding area hosts a healthy mix of retail, service businesses, and residential communities, with strong vehicular access and proximity to major regional routes. Whether seeking an owner-occupied solution or a stable mixed-use investment, this asset delivers location benefits and built-in versatility for sustained value growth.