Prime Peoria Heights Development
For Sale
$950,000
1001 E War Memorial Drive, Peoria Heights, IL 61616
1.41 acres in Peoria Heights with retail building and development potential.
Property SizeContact for details
Days on Market334
Property Features for 1001 E War Memorial Drive
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$22,018
Listing Agency:
RE/MAX Traders Unlimited
(309) 687-5000
Listed By:
Jessica Ball (jessicaball@remax.net) · License #475175281
Source:
Curveyrealestate
Added: Sep 25, 2025
Changed: Aug 23
Last Checked: Aug 24 at 7:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Traders Unlimited
Investment Insights
Based on property information with market context.
This property presents an excellent development opportunity on E War Memorial Drive (US Hwy 150) in Peoria Heights. The four parcels, totaling 1.41 acres, are zoned B-2. The property is located within both a TIF District (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8). Currently, there are two buildings on the property. One is a 5026 sq ft retail/office building that can be divided for multiple tenants or used as a single-tenant business. The other is an oversized garage located at the rear of the property. The property features two hard corners with multiple road accesses and daily traffic counts exceeding 25,000. This location is suitable for a gas station, drive-thru, restaurant, or larger retail operation.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
92k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 38%
Home Improvements & Furnishings 3%
Electronics 2%
McDonald's
Dining
23,306 visits/mo
0.3 miles
Phillips 66
Shops & Services
18,674 visits/mo
0.0 miles
Starbucks
Dining
13,572 visits/mo
0.4 miles
Dunkin' Donuts
Dining
7,510 visits/mo
0.3 miles
Dollar General
Shops & Services
7,149 visits/mo
0.3 miles
Demographics for 61616, IL
5,966
Population
3,119
Households
1.9
Avg Household Size
38
Median Age
27%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
2,386
Density / Sq Mi
$62,083
Median Household Income
$36,604
Median Earnings
$921
Median Rent
$118,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - 1.41 acres in Peoria Heights with retail building and development potential.
Where is this shopping center located?
The property is located at 1001 E War Memorial Drive Peoria Heights, IL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 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.
