Property summary
This exceptional 2.97-acre commercial land parcel in Peoria, Illinois, presents a remarkable investment opportunity. Located at 8215 N Allen Rd, this property boasts over 340 feet of frontage on Allen Road, directly across from Maui Jim's headquarters and only a quarter-mile from the heavily trafficked intersection of Allen Road and Pioneer Parkway. The site benefits from a substantial daily traffic count of 18,000 vehicles, ensuring high visibility and accessibility for any commercial venture. Zoned C2-Large Scale Commercial, this entirely buildable lot offers unparalleled flexibility for a wide range of development projects. The asking price is $1,200,000, translating to a land value of $9.28 per square foot. This prime location, coupled with its high traffic volume and buildable nature, makes this property an ideal investment for developers seeking a strategic foothold in a thriving Peoria commercial corridor. The property's proximity to major thoroughfares and established businesses guarantees significant exposure and potential for substantial returns. Don't miss this chance to acquire a highly desirable commercial land parcel in a prime Peoria location. The property is situated in Peoria County, Illinois, with a zip code of 61615.
Property profile
VerifiedCap rate & NOI
Current use
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Construction Company General Contractor
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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