Peoria Heights, IL Land for sale

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.

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This listing looks promising.

Here's a quick look at some key insights for

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

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Est. Cap Rate

4.6%
NOI ÷ price
Est. NOI

$48K
Annual
Mortgage

$1.32M
Oct 2022
Last Sold

Oct 2022
$975K

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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Peoria Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

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.

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Peoria Land Near River

512 E Paris Avenue, Peoria, IL 61603

Contact for pricing

0.21 AC lot

0.2 acres of land near the river.

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Vacant Land in Central Peoria

600 E GIFT Avenue, Peoria, IL 61603

Contact for pricing

Prime location near downtown and attractions, great for residential development.

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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.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Tillable and Hunting Land Parcel

Saint Johns, MI 48879

$499,000

68.30 AC lot

Undeveloped parcel with tillable farmland and potential hunting or recreational uses.

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Off-Market Properties in Peoria Heights, IL

Consider similar Off-Market properties in Peoria Heights, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Distribution properties

421 Moneta Ave, Peoria Heights, IL 61616

Value Estimation by Request

25,350 sqft 1.27 AC lot

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Retail properties & Spaces

4712 Prospect Rd, Peoria Heights, IL 61616

Value Estimation by Request

1,700 sqft

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Peoria Heights, IL Land Market Trends and Statistics

Explore 3 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 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.

Neighborhood	Average Price
61616	$1.1M

Neighborhood

Average Price

61616

$1.1M

Peoria Heights, IL Land for Sale

1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616