# 500 NE MADISON Avenue, Peoria, IL 61603-0000

> **TL;DR:** commercial, $1,750,000.
> A/C. Est. $7,583/mo. Listed 319 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,750,000 |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 319 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $7,583 |
| **Total** | **$7,583** |

## Key Amenities

- A/C

## Property Highlights

- 3 stories

## Description

### AI Summary
This commercial property at 500 NE Madison Avenue in Peoria, IL is a 3-story historic building configured as a 14-unit multi-family residence. The structure offers central air cooling and natural gas heating. It is positioned close to Downtown and Hospitals, with consistent demand that keeps the building occupied. Additional investment options nearby include a 16-unit property directly across the street and three single-family homes. The listing price is $1,750,000. Peoria currently shows 178 active listings with an average price of $253,212. The property presents an opportunity to own a multi-unit building in a location that supports ongoing tenancy.

### Agent Description
Great opportunity to own an Historic 14 multi-family close to Downtown and Hospitals. Consistent demand and stays full. 16 unit available across the street as well as 3single family homes. See also MLS PA1260511

## Location

- **Address:** 500 NE MADISON Avenue, Peoria, IL 61603-0000
- **County:** Peoria
- **Coordinates:** 40.696828, -89.586302
- **Google Maps:** https://www.google.com/maps?q=40.696828,-89.586302

## Listing Agent

- **Name:** Zachary Oyler
- **Brokerage:** Keller Williams Premier Realty
- **Phone:** 3094728037
- **Email:** zoyler@gmail.com

## Primary Photo

![500 NE MADISON Avenue - Primary Photo](http://lh.rdcpix.com/87b96a2d28ffd9c65deb3ef75032fdf9l-f2129492759r.jpg)

*15 total photos available on [listing page](https://www.propertysimple.com/listing/500-ne-madison-avenue-peoria-il-61603-0000-a1259507)*

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**MLS#:** PA1259507 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/500-ne-madison-avenue-peoria-il-61603-0000-a1259507)

---

## Structured Data

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