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    Turnkey Dirt Track Stadium Title is generated by Realmo AI

    3520 W Farmington Rd, Peoria, IL 61604

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    For Sale
    $550,000

    Fully equipped 1/4-mile dirt oval motorsports venue with grandstands, lighting, concessions, and an on-site two-story office.

    Type:Other Hospitality
    Property size:
    1,536 SF
    Lot size:
    30.00 Acres
    Price / SF:
    $358/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:35 am

    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

    We can help!

    Listing Contact
    Miller Jason

    Listing agent Miller Jason

    Listing office Maloof Commercial Real Estate Company

    Listing date Jun 3, 2026

    Source Thebrokerlist

    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

    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
    • Situated in Flood Zone A, with property reporting immediate access to major interstate corridors for regional travel
    • Includes ample participant pit areas and a covered picnic area for events
    • Adaptive reuse potential listed for redevelopment into industrial gross spaces or multi‑family; adjacent 30‑acre lot available on land lease

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Peoria Speedway Car Racing Track

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6496724
    Latitude
    40.7005111

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    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
    (309) 693-3000
    We can help!
    Listing Contact
    Miller Jason
    Learn More
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    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.

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    3520 W Farmington Rd, Peoria, IL 61604
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