Property profile

8215 N Allen Rd Peoria Peoria, IL 61615

FOR SALE
Commercial real estate
Property ID
US28-5515908
2.92 ac lot
Entity Owned 17-yr Hold ~ Est. High Equity
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8215 N Allen Rd,Unit Peoria, Peoria, IL 61615 For Sale
$1,300,000
8215 N Allen Rd,Unit Peoria, Peoria, IL 61615
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.92 ac (127,195 SF)
APN 14-06-300-011
UPID US28-5515908

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

8215 N Allen Rd, Unit Peoria Peoria, IL 61615
Peoria metro Census 3403 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2009
5 recorded transactions
2023
Price N/A
2009
$645,000
2008
Price N/A
2007
$1.1M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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