Advertise
    Peoria Heights, IL
    Commercial

    Peoria Heights, IL Commercial Land for Sale

    Notify Me
    List
    Map
    Peoria, IL Bartonville, IL East Peoria, IL West Peoria, IL Washington, IL Creve Coeur, IL Germantown Hills, IL Pekin, IL
    Prime Peoria Heights Development Opportunity
    Updated: Sep 25, 2025
    Prime Peoria Heights Development Opportunity

    1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616

    $1,050,000
    5,776 sqft
    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.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616,

    View Property Analytics

    • Est. Cap Rate

      4.6%
      NOI ÷ price

    • Est. NOI

      $48K
      Annual

    • Mortgage

      $1.32M
      Oct 2022

    • Last Sold

      Oct 2022
      $975K
    View Property Analytics
    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.

    Shovel-Ready Retail Development Site
    Shovel-Ready Retail Development Site

    3624 N University Street # Lot 2-east, Peoria, IL 61604

    $640,000
    0.59 AC lot

    Corner land parcel with access roads and utilities stubbed to the boundary, next to a new Dutch Bros Coffee.

    View details
    Commercial Land with High Visibility
    Commercial Land with High Visibility

    1004 Spring Bay Rd, East Peoria, IL

    $888,624
    2.55 AC lot

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

    View details
    Peoria Commercial Property For Sale
    Peoria Commercial Property For Sale

    1105 - 1123 West Florence Avenue, Peoria, IL 61604

    $400,000

    Dual-zoned property in Peoria, ideal for retail or office.

    View details
    Commercial Lots with Rental Homes
    Commercial Lots with Rental Homes

    116, 120, 124 Spring Creek Rd & 1000, 1004 Spring Bay Rd, East Peoria, IL 61611

    $888,624

    Five commercial lots, each with a rental home.

    View details

    Peoria Heights, IL Commercial Land Market Trends and Statistics

    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.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    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 average 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 SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Peoria County

    New Delisted

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Commercial land for Sale Near Peoria Heights, IL

    Popular Searches in Peoria Heights, IL

    Popular Categories

    Most Searched ZIP Codes in Peoria Heights, IL

    • 61616

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!