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    Peoria Heights, IL Commercial Land for Sale

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    Peoria, IL Bartonville, IL East Peoria, IL
    Prime Peoria Heights Development Opportunity
    $1,050,000
    5,776 SF
    Prime Peoria Heights Development Opportunity

    1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616

    1.41 acres in Peoria Heights with retail building and development potential.
    • 1.41 acres of land zoned B‑2 on E War Memorial Drive (US Hwy 150) offering excellent development opportunity.
    • Located in both a TIF District (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8).
    • High traffic counts of over 25,000 vehicles daily.
    • Includes a 5026 Sq. Ft. retail/office building suitable for single or multiple tenants.
    • Features two hard corners with multiple road accesses.
    Updated: Sep 25, 2025
    View details
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Peoria Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Prime Peoria Redevelopment Opportunity
    $700,000
    Prime Peoria Redevelopment Opportunity

    Corner lot for retail or service use in Peoria, Illinois.

    1101 W War Memorial Dr, Peoria, IL 61604

    View details
    3.37 Acres on War Memorial
    $399,000
    3.37 Acres
    3.37 Acres on War Memorial

    3.37 acres, zoned R-3, excellent visibility, redevelopment opportunity.

    3616 N Sheridan Rd, Peoria, IL

    View details
    Commercial Land with High Visibility
    $888,624
    2.55 Acres
    Commercial Land with High Visibility

    Commercial land with high traffic and visibility on IL Rte 116.

    1004 Spring Bay Rd, East Peoria, IL

    View details
    Commercial Lots on High-Traffic Route
    $888,624
    2.55 Acres
    Commercial Lots on High-Traffic Route

    Five commercial lots suitable for gas station or retail development.

    116 120, 124 Spring Creek Rd & 1000, 1004 Spring Bay Rd, East Peoria, IL

    View details

    Peoria Heights, IL Commercial Land Investment Opportunities Market Analysis

    Explore 1 commercial land for sale in Peoria Heights, IL on our real estate platform. These investment opportunities span a total of 5,776 square feet of properties for sale, with an estimated market value of $1,050,000.

    Sale prices for commercial lots in Peoria Heights, IL start at $1,050,000, averaging $1,050,000, and reaching up to $1,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial land 1

    Demographics Overview

    Population 5,834
    Population Growth (5Y) -1.3%
    Median Household Income $62,083
    College Educated 40.4%

    High-Yield Neighborhoods for Investment

    Identify Peoria Heights submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    61616 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 8.92%
    Property Tax per SF $2.11 per sq ft
    Average Loan-to-Value 65.0%

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