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    5015 W Farmington Rd Peoria, IL 61604

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    For Sale
    $74,900

    8.5 acre residential land parcel in Bellevue, Peoria, Illinois.

    Source: Remaxcommercial

    Listing Agent: Jessica Ball

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Peoria, IL

    An 8.5-acre residential land parcel is available in Peoria, Illinois. Zoned for residential use, the property is located within the Village of Bellevue and the Limestone School District. The site offers the opportunity to build a home surrounded by trees and wildlife, with distance between neighbors. The property is located off Farmington Road, providing convenient access to local amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6744293
    Latitude
    40.6990251

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    FAQs

    What type of property is this?
    Land - 8.5 acre residential land parcel in Bellevue, Peoria, Illinois.
    Where is this land located?
    The property is located at 5015 W Farmington Rd Peoria, IL.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: - 8.5 Acre residential land parcel; - Located in the Village of Bellevue; - Limestone School District
    (309) 323-0399
    Request Owner's contact information
    5015 W Farmington Rd Peoria, IL 61604
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    Peoria, IL 61604
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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
    5015 W Farmington Rd Peoria, IL 61604
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