Last Sold Price
116 Spring Creek Rd, East Peoria, IL 61611

Description

Unbelievable location! Great investment opportunity! This property has 5 income producing properties that sit on 2.72 acres. This property has great visibility at state route 116 and spring creek rd. Located directly across from the high volume thortons gas station. Traffic counts are at approx. 32,000 cars per day. High volume septic has been approved. Great opportunity for retail or restaurant. Soil reports, survey, aerial, and legal descriptions are on file at office. This property includes 5...Unbelievable location! Great investment opportunity! This property has 5 income producing properties that sit on 2.72 acres. This property has great visibility at state route 116 and spring creek rd. Located directly across from the high volume thortons gas station. Traffic counts are at approx. 32,000 cars per day. High volume septic has been approved. Great opportunity for retail or restaurant. Soil reports, survey, aerial, and legal descriptions are on file at office. This property includes 5 homes fully rented: 116, 120, 124 Spring Creek Rd & 1000, 1004 Spring Bay Rd.
LISTING CLOSED: 07/31/2018 12:00 AM

  1. Listed by Bob Fredericks • RE/MAX Traders Unlimited
    P: (309) 696-7135 bfredericks@homespeoria.net

Property Details for 116 Spring Creek Road

Status
MLS #
PA1195662
Days on Market
18
Taxes
$11,191 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Residential Income
Year Built
1955
Lot Size
-
Parking Total
5.0
Subdivision Name
Other

Recent comparable sales

Median sold price

$300,000

Avg days on market

58

Sale-to-list ratio

75.1%

East Peoria, IL

9 comparable properties found

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1

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Bedrooms
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Bathrooms
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Square Feet
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Bathrooms
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Acres
$19,750 | 300 Greenview Drive, East Peoria, IL 61611
1/2
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Sold 08/26/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
$19,750 | 302 Greenview Drive, East Peoria, IL 61611
1/2
7

$19,750

Sold 08/26/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
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Sold 04/06/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres
9

$1,196,500

Sold 12/09/24

Unavailable
Bedrooms
Unavailable
Bathrooms
41,606
Square Feet
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Acres

Location

Listing Courtesy of RE/MAX Traders Unlimited

Sold By Non-Mls

Add your commute

Building Information for 116 Spring Creek Road

Stories-Residences5Year Built1955Building Size-Lot Size-

Payment Calculator

$3,182 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,249

Property Taxes

$933

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 116 Spring Creek Road

Summary
Location and General Information
  • City: East Peoria
  • County Or Parish: Tazewell
  • Directions: N on Caterpillar Trail & L on Spring Creek Rd at Thortons, Property on R
  • Latitude: 40.732676
  • Longitude: -89.51978
  • MLSArea Minor: PAAR Area
  • Postal Code: 61611
  • State Or Province: IL
Taxes and HOA Information
  • Parcel Number: 0101013010
  • Tax Annual Amount: $11,191
  • Tax Legal Description: SW 1/4 LANDS DESC
  • Tax Year: 2015
School Information
  • High School: East Peoria Comm
Parking
  • Parking Features: Other
Property
Lot Information
  • Structure Type: Other
  • Building Area Total: 0.0
  • Lot Features: Other
  • Lot Size Dimensions: OTHER
  • Number Of Units Total: 5
Property and Assessments
  • Documents Available: Aerial Photos,Legal Description,Tenant Lease(s)
  • New Construction: No
  • Year Built: 1955
Utilities
  • Number Of Electric Meters: 5
  • Number Of Gas Meters: 5
  • Numberof Water Meters: 0
  • Water Sewer Expense: $0
  • Water Source: Septic System
Interior and Exterior Features
Exterior Features
  • Roof: Other
  • Construction Materials: Other
Interior Features
  • Heating: Forced Air, Gas, Central, Window Unit(s)
  • Number Of Central Air Units: 3
  • Number Of Heating Units: 6
  • Number Of Water Heaters: 5
  • Unit Entry Level: ***
Multi Family
Income & Expenses
  • Electric Expense: $0
  • Gross Income: $43,620
  • Gross Scheduled Income: $43,620
  • Insurance Expense: $256
  • Maintenance Expense: $0
  • Manager Expense: $0
  • Advertising Expense: 0
  • Gas Expense: 0
  • Misc Annual Income: 0
  • Trash Expense: $0
Unit 1
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
Unit 2
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
Unit 3
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Fireplace YN: N
  • Full Baths: 1
  • Half Baths: 0
  • Number Covered: 0
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 4
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Annual Vacancy Factor: 0

Property History for 116 Spring Creek Road

DateEvent & SourcePriceAppreciation
Jul 31, 2018

Sold

RMLS ALLIANCE #PA1195662

$442,500
Jul 9, 2018

Pending

RMLS ALLIANCE #PA1195662

Jun 21, 2018

Listed (Active)

RMLS ALLIANCE #PA1195662

$479,000
DateEvent & SourcePrice
07/31/2018

Sold

RMLS ALLIANCE #PA1195662

$442,500
07/09/2018

Pending

RMLS ALLIANCE #PA1195662

06/21/2018

Listed (Active)

RMLS ALLIANCE #PA1195662

$479,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 116 Spring Creek Road

This home is within East Peoria Chsd 309 School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Armstrong-Oakview Elementary School
PublicK to 2

P L Bolin Elementary School
Public3 to 5

Central Jr High School
Public6 to 8

East Peoria High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Traders Unlimited

Based on information submitted to the MLS GRID as of 10/05/2022 06:00 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.