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Industrial Development Land
For Sale
$189,900

1815 Riverway Drive, Pekin, IL 61554

Land, Pekin, IL

Property SizeContact for details
Lot Size2.32 Acres
Days on Market491

Property Features for 1815 Riverway Drive

General Information

Property type Land
Property subtype Other
Zoning Industrial
Lot features Level
High school Pekin Community
Directions SHERIDAN - KOCH - RIVERWAY
Standard status Active
APN 10-10-10-100-054
Lot size 2.32 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description SEC 10 T24N RIVERWAY BUSINESS PAKE RESUB (OF LOT 1 BLK 2) LOT 5 NW 1/4 2.32 AC
Tax Annual Amount 5824
Legal Description SEC 10 T24N RIVERWAY BUSINESS PAKE RESUB (OF LOT 1 BLK 2) LOT 5 NW 1/4 2.32 AC

Utilities

Water source Public
Listing Agency: Gallery Homes Real Estate
Listed By: Mary Davis · License #475159029
Added: Apr 18, 2025 Changed: Aug 19 Last Checked: Aug 21 at 8:06AM
MLS# PA1257244

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flat commercial land parcel is level and described as ready for construction. The property is zoned Industrial and the site is presented as well-maintained, with wide road frontage intended to support straightforward ingress and egress for larger trucks and commercial vehicles.

The property is located in Pekin, IL (Tazewell County). Public remarks note it is within 15 minutes of Interstate 474, supporting transportation and logistics access.

The listing notes the industrial zoning and site characteristics as aligning with development for uses such as warehouses, distribution centers, or manufacturing facilities.

Key Highlights

  • Flat commercial/industrial land with public water
  • Zoned for industrial or commercial use
  • Wide road frontage with easy ingress and egress for large trucks and commercial vehicles

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Hair Salon Kitchen & Bath Showroom Furniture & Home Goods Plumbing Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

124
Businesses Nearby

Demographics for 61554, IL

40,854
Population
18,788
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
73.8 sq mi
ZIP Area
554
Density / Sq Mi
$62,484
Median Household Income
$41,718
Median Earnings
$814
Median Rent
$123,500
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Industrial land - Level industrial-zoned land with wide road frontage for convenient truck access and egress.
Where is this industrial land located?
The property is located at 1815 Riverway Drive Pekin, IL.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Flat commercial/industrial land with public water; Zoned for industrial or commercial use; Wide road frontage with easy ingress and egress for large trucks and commercial vehicles
More about this property
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