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Key Facts

5,500Sq Ft

$280,000

Active6 days on marketListed March 5, 2026

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Description

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 Information

Property Type

Commercial Sale

Living Area

5,500 sq ft

Zoning

Days on Market

MLS® Listing#

PA1264661

Property Features

Cooling

Central AirWall/Window Unit(s)

Heating

ElectricForced AirNatural Gas

Flooring

CarpetConcreteTile

Construction

Wood SidingFrame

Roof

CompositionShingle

Utilities

Cable AvailableWater Connected

Sewer

Public Sewer

Water Source

Public

Financial Details

HOA

Yes

Annual Taxes

$6,492

Tax year 2024

Parcel Number

01-01-34-305-019

Directions

Meadow Avenue

Affordability Calculator

Home Price

Down Payment

$56,000

Interest Rate (%)

Loan Term

Estimated monthly payment

$1,490/mo

Principal $224,000 · Est. interest $312,500 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in East Peoria, IL

55
Median Days on Market: 1,445
Median Sq Ft: $87
Median Price / Sq Ft: 440
Active Listings

Its price per sq ft is 41% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in East Peoria, IL.

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Similar Home Values

Comparable nearby listings and their asking prices.

Address	Price	Beds	Baths	Sq Ft
106 DUEVER Lane, East Peoria, IL	$198,000	3	2	1,448
200 CAMPANILE Drive, East Peoria, IL	$199,000	3	3	2,526
4517 5th Street A, East Moline, IL	$199,000	3	2	2,073
Lot 6 Ravine Road, East Dundee, IL	$199,000	—	—	—
3026 W GREENBRIER Lane, Peoria, IL	$199,500	4	3	1,896
4222 N GALENA Road, Peoria, IL	$199,900	2	3	1,968

Moving Cost Estimate

Listing Courtesy: Jim Maloof Realty, Inc. - Mobile: 309-696-9310

Presented by: Amber Neal

Based on information submitted to the MLS GRID as of 2026-03-05. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.