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523 NE Adams St - The Armory

40,480 SF Sports & Entertainment Building Offered at $250,000 in Peoria, IL 61603

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 $250,000
Price Per SF $6
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
Property Type Sports & Entertainment
Building Class B
Lot Size 0.65 AC
Building Size 40,480 SF
No. Stories 2
Year Built 1924
Opportunity Zone Yes
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18/03/355/001
Land Assessment
$22,770
Improvements Assessment
$44,330
Total Assessment
$67,100
  • Listing ID: 32332996

  • Date on Market: 7/3/2024

  • Last Updated:

  • Address: 523 NE Adams St, Peoria, IL 61603

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