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    8315 S Il Rte, Unit 9 Peoria, IL 61607

    Picture of Commercial land at S Il Rte 8315, Peoria, IL
    For Sale
    $289,000

    Lots & Land - Peoria, IL

    Lot size:
    5.00 Acres
    Days on Market:
    168
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 8315 S Il Rte

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    20-14-156-003
    Lot size
    5.00 Acres

    Building Details

    Architectural style
    Other

    Jim Maloof Realtor (309) 692-3900 [email protected]

    Listing agent Brad Belser (309) 692-3900 License #475164898

    Listing date Jul 1, 2025

    MLS# PA1255396 Listing URL

    Copyright © 2025 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.

    Overview

    Commercial Land in Peoria, IL

    This commercially zoned 4.75-acre lot is located at a high-traffic intersection of Route 9 and Route 24 in Peoria County. The site benefits from approximately 170 feet of street frontage and an approximate IDOT count of over 27,000 vehicles per day. The land is flat, cleared, and ready for development, with electrical service available on site. A large commercial billboard is installed on the property and generates rental income.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.677532
    Latitude
    40.588528

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    FAQs

    What type of property is this?
    Commercial land - 4.75 acre commercially zoned lot with high visibility.
    Where is this commercial land located?
    The property is located at 8315 S Il Rte, Unit 9 Peoria, IL.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: - High-traffic, high-visibility location at the intersection of Route 9 and Route 24.; - Commercially zoned 4.75 acre lot.; - Approximate IDOT count of over 27,000 vehicles per day.
    (309) 692-3900
    Request Owner's contact information
    8315 S Il Rte, Unit 9 Peoria, IL 61607
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    Peoria, IL 61607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8315 S Il Rte, Unit 9 Peoria, IL 61607
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