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    5400 W War Memorial Dr Peoria, IL 61615

    For Sale
    $2,430,648

    12.4± acres with excellent development potential in North Peoria.

    Lot size:
    12.40 Acres

    Property Features for 5400 W War Memorial Dr

    General Information

    Lot size
    12.40 Acres

    Source: Maloof Commercial Agent Dave Maloof

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

    Overview

    Prime Peoria Land for Development

    This 12.4± acre parcel is located in North Peoria, situated between the intersections of Orange Prairie & War Memorial Drive (Rt. 150) and N. Grand Prairie Drive & War Memorial Drive (Rt. 150). The property benefits from unencumbered visibility and an excellent location for development. Access to IL Rt. 6, IL Rt. 91, and I-474 / I-74 is less than a mile away. The location is directly across from the Shoppes at Grand Prairie, an open-air shopping center featuring a variety of retail, office, restaurant, and hospitality establishments. Nearby businesses include CEFCU, Great Escape, Home Depot, DSW, Old Chicago, HyVee, Dick's, and many more. The property currently has access from Rt. 150 under A-1 zoning. If rezoned, access to Orange Prairie and/or Landens Way may be available. The property is located in Peoria County.
    Location Intelligence

    Current Use by Public Records

    Rainbow Heliport-7B1 General Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.678152
    Latitude
    40.777288

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    FAQs

    What type of property is this?
    Land - 12.4± acres with excellent development potential in North Peoria.
    Where is this land located?
    The property is located at 5400 W War Memorial Dr Peoria, IL.
    What is the asking price?
    The asking price for this property is $2,430,648.
    What are key features of this property?
    This property features: - 12.4± acres with unencumbered visibility; - Excellent location for development; - Located directly across from the Shoppes at Grand Prairie
    (309) 693-3000
    Request Owner's contact information
    5400 W War Memorial Dr Peoria, IL 61615
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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
    5400 W War Memorial Dr Peoria, IL 61615
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