Turnkey Dirt Track
3520 W Farmington Rd Peoria, IL 61604
3520 W Farmington Rd, Peoria, IL, 61604
$550,000
For Sale
$550,000
Fully equipped 1/4-mile dirt oval motorsports venue with grandstands, lighting, concessions, and an on-site two-story office.
Property Size1,536 SF
Lot Size30.00 Acres
Price / SF$358.07
Days on Market49
Property Features for 3520 W Farmington Rd
General Information
- Standard status
- Active
- Size
- 1,536 SF
- Lot size
- 30.00 Acres
- Property subtype
- Other Hospitality
Listing agency
Maloof Commercial Real Estate Company
(309) 693-3000
Listed by
Miller Jason
(309) 693-3000
Source
Thebrokerlist
Added: Jun 3 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 1:41PM
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 Maloof Commercial Real Estate Company
Investment Insights
Based on property information with market context.
This turnkey motorsports and entertainment property centers on a fully equipped historic 1/4-mile dirt oval track stadium built around a tight, high-banked layout. The offering includes high-capacity grandstands, professional lighting, concession facilities, and ample participant pit areas, supporting day-of-event operations. Also included is a 2-story office building totaling 1,536 sf, with ground-level public restrooms, along with various sheds and carports and a covered picnic area.
The stadium is positioned just minutes from downtown Peoria and the East Peoria Levee District, with immediate access to major interstate corridors for regional travel by spectators and event participants. The property sits within established residential areas surrounding the site. An adjacent 30-acre lot is also noted as available on a land lease basis, extending the overall footprint option for prospective operators or developers.
For buyers seeking a special-purpose facility, the current configuration provides a complete venue framework for motorsports and related entertainment use. The site is also presented for adaptive reuse considerations, including redevelopment into industrial gross spaces or multi-family. Please note the property is located within Flood Zone A, which should be reviewed as part of any planning and permitting approach.
The stadium is positioned just minutes from downtown Peoria and the East Peoria Levee District, with immediate access to major interstate corridors for regional travel by spectators and event participants. The property sits within established residential areas surrounding the site. An adjacent 30-acre lot is also noted as available on a land lease basis, extending the overall footprint option for prospective operators or developers.
For buyers seeking a special-purpose facility, the current configuration provides a complete venue framework for motorsports and related entertainment use. The site is also presented for adaptive reuse considerations, including redevelopment into industrial gross spaces or multi-family. Please note the property is located within Flood Zone A, which should be reviewed as part of any planning and permitting approach.
Key Highlights
- 30‑acre Peoria Speedway motorsports & entertainment venue featuring a fully equipped 1/4‑mile dirt oval track
- Includes high‑capacity grandstands, professional lighting, and concession facilities
- 1,536 SF 2‑story office building with ground‑level public restrooms, plus sheds and carports and a covered picnic area
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $21.00 |
| − Vacancy | −$5.8k | −$3.78 |
| EGI | $26.4k | $17.22 |
| − OpEx | −$6.6k | −$4.31 |
| NOI | $19.8k | $12.92 |
1,536 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$283.4K
$248.0K – $330.6K
NOI $19,837 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.34M
$1.18M – $1.57M
NOI $94,057 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Peoria Speedway
Car Racing Track
Similar For Sale Nearby
FAQs
What type of property is this?
Race track - Fully equipped 1/4-mile dirt oval motorsports venue with grandstands, lighting, concessions, and an on-site two-story office.
Where is this race track located?
The property is located at 3520 W Farmington Rd Peoria, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 30‑acre Peoria Speedway motorsports & entertainment venue featuring a fully equipped 1/4‑mile dirt oval track; Includes high‑capacity grandstands, professional lighting, and concession facilities; 1,536 SF 2‑story office building with ground‑level public restrooms, plus sheds and carports and a covered picnic area
