800 Meadow Ave East Peoria IL 61611

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800 Meadow Ave East Peoria IL 61611

$85,000 Asking - ARV $220,000

Great opportunity for cash flow and future potential.  An attractive spot for many business/restaurant opportunities located near East Peoria Business District. 

  • Property Type: Mixed Use.  First floor restaurant, zoned commercial mixed use.  Second floor two apartments.
  • Sqft: 4,015.  (2000 up & 2000 down)
  • Year built: 1961
  • Lot Size (SqFt) 17,860 SqFt
  • Fire in mid-August that destroyed the commercial kitchen on the back-end and did a lot of smoke damage at the front end (former restaurant)
  • Upper level 2BD/1BA is 1,180 sq ft – completely remodeled in December 2021 (new vinyl flooring, new paint, new lighting, new appliances, $10k all in).
    • Rent $1200
  • Upper level 1BD/1BA is 800 sq, ft. – in process of remodeling, repainted but needs flooring.
    • Rent $800
  • Upper level has separate furnace, electrical, water heater, AC.
  • Disclaimer – please contact zoning to discuss building plans, structural engineer walk through, and scope of work for remodel.
  • Property sold AS-IS

Upstairs Apartments

Downstairs Restaurant + Fire Damage

CUSTOMERS LOVE US
Thomas Staudt
Thomas Staudt
2023-05-12
The guys at Tony Buys Homes were fantastic to work with! They helped with an inherited property that we were looking for a quick close on. Give Tony a call and he will take care of you!
Nick Rollings
Nick Rollings
2023-05-10
First and foremost, I just want to state that this was an amazing experience working with Tony Buys Homes. The whole process was so smooth and there wasn’t a single time when I called that it went to voicemail. Ditto to everytime I texted and had questions about my cash home sale. Lastly, Tony orked to settle on a price that was right for me and my situatioh. I just wanted to say thank you to Tony Buys Homes for buying my ugly house!!
Yao-Yao Ho
Yao-Yao Ho
2021-08-28
Thank you Tony for responding my call right away. Even though the offer did not work out, truly appreciate you took the time to explain things in details throughout this process and answered many questions. It's a great pleasure working with you!
Larry Bostick
Larry Bostick
2021-07-28
I had a great experience working with Tony. From the very beginning he was honest and very responsive. Kudos to him for making everything go very smoothly and helping me out in my situation. If you have an old distressed home you need quick cash for then give Tony a call!
Michael Ahlgren
Michael Ahlgren
2021-07-26
Thank you tons Tony for buying our ugly house fast during these strange times. Tony responded to my house the day that I called and by the next day we had agreed on a price! Maybe just 10 days later we were able to close! Thanks again Tony - I would definitely recommend this Naperville house buying company... 5 stars!
Fred Baustian
Fred Baustian
2021-07-23
Sad to say that the sale did not work out perfectly for us, but that doesn't change the great review Tony earned for his had work alone! Very great to work with, super understanding towards a first time home seller. More than fair with his offer. Could not have had a better experience. Just call him, he is the best.
Q's Cabinet Shoppe
Q's Cabinet Shoppe
2021-07-18
I partnered with Tony and the process went really fast. Tony was always responsive! He was available to chat on the phone or text to answer any questions. Most importantly he stayed in touch with all updates without me having to ask. You absolutely should get help from him selling your home. Highly recommend Tony Buys Homes!
Dave Loftus
Dave Loftus
2021-07-17
Thy Couldn’t provide any more ease. The initial transaction went just as they described. No hassles at all... and no additional fees. If you’re looking for quick cash, and a quick real estate close... Tony can help!

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