Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    312 S Webster Street Peoria, IL 61605

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 312 S Webster Street, Peoria, IL
    For Sale
    Contact for pricing

    LAND - Peoria, IL

    Added:
    Sep 22, 2025
    Days on Market:
    228
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for 312 S Webster Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SINGL
    Standard status
    Active
    APN
    1808410007

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    68

    We can help!

    Listing Contact
    McKenzie Sylvester
    McKenzie Sylvester

    Listing agent McKenzie Sylvester License #475169463

    Listing office RE/MAX Rising 1015 Ekstam Drive Suite 2, Bloomington, IL

    Listing date Sep 22, 2025

    MLS# 12477841 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Buildable vacant lot offering a blank canvas for construction.
    • Convenient access to local amenities, schools, and major roadways.
    • Suitable for building a single‑family residence.
    • Presents an opportunity to add to an investment portfolio.
    • Affordable lot with endless potential.
    • Located at 213 S Webster Street, Peoria, IL.

    Overview

    Buildable Lot in Peoria, IL

    This vacant, buildable lot is located on S Webster Street in Peoria, IL. It offers convenient access to local amenities, schools, and major roadways. The parcel presents a blank canvas for constructing a single-family residence or expanding an investment portfolio. The zoning is SINGL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.611882
    Latitude
    40.684927

    Nearby Similar for Sale

    • $475,000

      Peoria Commercial Property for Sale

      Landmark property ready for a visionary new owner.
      1321 N PARK Road, Peoria, IL 61604
      View Details
    • $570,000

      Four-Unit Commercial Building in Peoria

      Four-unit commercial building with state contract leases and vacancies.
      1115 N North Street, Peoria, IL 61606
      View Details
    • $150,000

      Commercial Property in Peoria, Illinois

      Well-maintained commercial property with versatile potential in a convenient location.
      6216 N SHERIDAN Road, Peoria, IL 61614
      View Details
    • $70,000

      Versatile Commercial Building in Peoria

      Adaptable commercial building suitable for various business uses.
      804 E FORREST HILL Avenue, Peoria, IL 61603
      View Details
    • $500,000

      Commercial Property with Multiple Income Streams

      Versatile commercial property featuring storage units, workshop, and leased car lot.
      3523 W FARMINGTON Road, Peoria, IL 61604
      View Details
    • $22,000

      Buildable Lot in Norwood

      Buildable lot in a peaceful, established Peoria neighborhood.
      1636 N NORWOOD Boulevard, Peoria, IL 61604
      View Details
    • $79,900

      Income-Generating Duplex in Peoria

      Fully occupied duplex with income potential and value-add opportunities.
      1823-1825 N LINN Street, Peoria, IL 61604
      View Details
    • $22,000

      Buildable Lot in Peaceful Norwood

      Buildable lot in a quiet, established Peoria neighborhood.
      1401 N BOYD Avenue, Peoria, IL 61604
      View Details
    • $99,900

      Peoria Multifamily Income Opportunity

      Two-unit property with income potential in a convenient location.
      511 W LOUCKS Avenue, Peoria, IL 61603
      View Details
    • $89,000

      Secluded Peoria Land Tract

      7.92 acre tract near Detweiller Park with development potential.
      00 0 E Koch Dr, Peoria, IL 61614
      View Details
    • $75,000

      Commercial Land For Sale

      Commercial land available in Peoria, Illinois.
      1003-07-13 NORTH Street, Peoria, IL 61604
      View Details
    • $168,000

      Investment Opportunity Near Bradley University

      Multi-family property near Bradley University, ideal for student housing.
      1620 W FREDONIA Avenue, Peoria, IL 61606
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot suitable for building a home or investment property.
    Where is this residential land & home lot located?
    The property is located at 312 S Webster Street Peoria, IL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Buildable vacant lot offering a blank canvas for construction.; Convenient access to local amenities, schools, and major roadways.; **Suitable for building a single‑family residence.**
    (309) 275-9333
    We can help!
    Listing Contact
    McKenzie Sylvester
    McKenzie Sylvester
    Real Estate License ID: 475169463
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    312 S Webster Street, Peoria, IL 61605
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!