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1001 E War Memorial Dr 0.74 Acres of Commercial Land Offered at $1,451,467 CAD in Peoria Heights, IL 61616
Investment Highlights
- 4 parcels, zoned B-2, totaling 1.41 Acres ready for development on US Hwy 150
- This would be an ideal location for a gas station, drive-thru, restaurant or larger retail operation.
- 2 buildings are on the property - 5026 Sq. Ft. retail/office building (4-6 units) - oversized garage
Executive Summary
Property Facts
| Price | $1,451,467 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.74 AC |
| Zoning | B-2 | ||
| Price | $1,451,467 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.74 AC |
| Zoning | B-2 |
1 Lot Available
Lot
| Price | $1,451,467 CAD | Lot Size | 0.74 AC |
| Price Per AC | $1,961,442.52 CAD |
| Price | $1,451,467 CAD |
| Price Per AC | $1,961,442.52 CAD |
| Lot Size | 0.74 AC |
Excellent development opportunity in both a TIF and Enterprise Zone
Description
Excellent development opportunity on E War Memorial Drive (US Hwy 150) in Peoria Heights. These four parcels total 1.41 acres and are all zoned B-2. The property is in both a TIF District (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8). There are currently two buildings on the property. One is a 5026 Sq. Ft. retail/office building that could easily be divided for multiple tenants or used as a single tenant business. The other is an oversized garage on the rear of the property from the previous home that had been on the parcel. This property provides two hard corners with multiple road accesses and daily traffic counts of over 25,000. This would be an ideal location for a gas station, drive-thru, restaurant or larger retail operation.
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1001 E War Memorial Dr
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