Peoria, IL
Market Bid
3101 W Harmon Highway in Peoria, Illinois offers a unique opportunity to acquire a retail property with immediate income and a clear path to value creation through self storage conversion. The property has received special use permit approval for the conversion of the existing vacant retail space into modern, climate-controlled self storage, along with drive-up units in the outlot area.
This strategic redevelopment provides investors with both steady cash flow from current retail tenants and substantial upside through repositioning and expansion. Featuring prominent frontage along W Harmon Highway, easy access to major roadways, and close proximity to Bradley University and surrounding residential neighborhoods, the property is ideally situated to capture the rising demand for
self storage in the Peoria market.
