1001 E WAR MEMORIAL Drive Peoria Heights, IL 61616

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Listing date Sep 25, 2025

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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 Location Intelligence

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FAQs

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 $1,050,000.

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.