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1101 W War Memorial Dr 0.59 Acres of Commercial Land Offered at $956,858 CAD in Peoria, IL 61604
Investment Highlights
- Located at one of the busiest intersections in Peoria with 45,000 vehicles per day.
- Surrounded by national retailers such as Walmart, McDonald’s, and Hobby Lobby.
- Positioned within a TIF district, offering potential development incentives.
- Corner parcel within an active redevelopment featuring Dutch Bros Coffee.
- Infrastructure in place with access road and utility connections to site.
- Easy access to Interstate 74 and major regional destinations.
Executive Summary
Developers and investors will appreciate the site’s readiness, featuring infrastructure improvements including an access road and utility rough-in. Located within an established TIF district, this property carries significant development incentives. Its proximity to regional shopping, established national brands, and major arterial corridors enhances the long-term value proposition. With direct connectivity to Interstate 74 and surrounding consumer hubs, this parcel offers superior positioning for sustained success.
Property Facts
| Price | $956,858 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.59 AC |
| Property Type | Land | ||
| Zoning | C-2 - Commercial District | ||
| Price | $956,858 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.59 AC |
| Zoning | C-2 - Commercial District |
1 Lot Available
Lot
| Price | $956,858 CAD | Lot Size | 0.59 AC |
| Price Per AC | $1,621,793.25 CAD |
| Price | $956,858 CAD |
| Price Per AC | $1,621,793.25 CAD |
| Lot Size | 0.59 AC |
0.59-acre retail parcel at the high-traffic intersection of War Memorial Dr and University St in Peoria. Part of a Dutch Bros-anchored redevelopment, the site offers TIF incentives, infrastructure readiness, and strong co-tenancy with national retail
Description
The property consists of 0.59 acres of commercially zoned land located at 1101 W War Memorial Dr in Peoria, IL. It lies within a redevelopment project that includes a Dutch Bros Coffee at the intersection of War Memorial Drive and University Street. This corner features high traffic with approximately 45,000 vehicles daily. The lot is accessible via Florance Avenue and an internal access road. Utilities are roughed-in to the site, and the property is located within a Tax Increment Financing (TIF) district. Nearby uses include national retail, dining, and service operators, and the parcel has connectivity to Interstate 74. Nearby neighborhoods include Biltmore Heights and St. Philomena School area.
Property Taxes
| Parcel Number | 14-29-401-021 | Improvements Assessment | $0 CAD |
| Land Assessment | $438,858 CAD | Total Assessment | $438,858 CAD |
Property Taxes
Presented by
1101 W War Memorial Dr
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