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523 NE Adams St - The Armory 40,480 SF Sports & Entertainment Building Offered at $340,293 CAD in Peoria, IL 61603
Investment Highlights
- Historic Landmark – Built in 1924, The Armory boasts a brick and limestone design with rich Peoria history
- Versatile Use – Ideal for a wide range of projects, from commercial to residential, with room for creative redevelopment
- Prime Development Potential – The property offers over 37,000 square feet of space, including a 3-story front section and expansive auditorium
- Sold AS-IS – A blank canvas ready for a major developer to restore and transform this iconic building
Executive Summary
Steeped in Peoria history, The Armory commands a powerful presence with its brick and limestone design. Constructed in 1924 by the Military and Naval Department of Illinois. Over the years it flourished as the civic center of events ranging from conventions, political rallies, circuses, boxing matches (Golden Gloves) and, of course, Bradley Basketball! The years have taken its toll but the possibilities are endless to bring "the old girl" back to life. The FRONT PORTION is 3-storied and roofed with impressive entrances, flanking double staircases, offices, etc.. 7,100 square feet on each floor. The BACK SECTION is the almost 30,000 square feet “auditorium” with steel framing, brick walls and open roof. Sold AS-IS. No utilities on.
Property Facts
| Price | $340,293 CAD | Lot Size | 0.65 AC |
| Price Per SF | $8.41 CAD | Building Size | 40,480 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Sale Condition | Redevelopment Project | Year Built | 1924 |
| Property Type | Sports & Entertainment | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | Commercial - General Commercial | ||
| Price | $340,293 CAD |
| Price Per SF | $8.41 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Sports & Entertainment |
| Building Class | B |
| Lot Size | 0.65 AC |
| Building Size | 40,480 SF |
| No. Stories | 3 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
| Zoning | Commercial - General Commercial |
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 18/03/355/001 | Improvements Assessment | $67,093 CAD |
| Land Assessment | $34,463 CAD | Total Assessment | $101,556 CAD |
Property Taxes
Parcel Number
18/03/355/001
Land Assessment
$34,463 CAD
Improvements Assessment
$67,093 CAD
Total Assessment
$101,556 CAD
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523 NE Adams St - The Armory
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