Listing Agency: RE/MAX

Listed By: Jessica Ball · License #475175281 Show Phone

Source: Remaxcommercial

Added: Sep 25, 2025 Changed: Oct 26 Last Checked: Oct 28 at 4:40AM

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Investment Insights

Based on property information with market context.

This 5.83-acre development site is zoned R-3 (Single family residential district Medium Density) and suitable for a variety of uses. These include multifamily housing, residential development, medical offices, assisted living facilities, and more.

Key Highlights

• 5.83 Acre Land Site
• Suitable for Multifamily Development
• Suitable for Residential Development

Property Analytics

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Open Analytics

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Pharmacy HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

55

Businesses Nearby

Explore this area Business Placement

Demographics for 61615, IL

24,314

Population

11,334

Households

2.1

Avg Household Size

38

Median Age

53%

College-Educated

98%

High-School Grad

29.6 sq mi

ZIP Area

821

Density / Sq Mi

$82,157

Median Household Income

$50,165

Median Earnings

$1,079

Median Rent

$206,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - 5.83 acre development site zoned R-3.

Where is this residential land & home lot located?

The property is located at 3901 W RESERVOIR Boulevard Peoria, IL.

What is the asking price?

The asking price for this property is $85,900.

What are key features of this property?

This property features: 5.83 Acre Land Site; Suitable for Multifamily Development; Suitable for Residential Development