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    Mount Hawley Rd Peoria, IL 61614

    Sponsored
    For Sale
    $200,000

    5.19 Acres, R-3 & R-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional 5.19-acre development opportunity in Peoria, Illinois, located on N Mount Hawley Road. This property, consisting of two parcels (APN 14-16-129-014 and 14-16-177-001), is zoned R-3 and R-1, offering flexibility for various projects. Previously a school site, the land has been cleared and is ready for immediate development. Its ideal location across from Keller Primary School within the Peoria Public School system presents a unique advantage for residential, multifamily, or senior/assisted living developments. The property boasts convenient access via Mt. Hawley Road, north of the Knoxville intersection. Public sewer is available. The asking price is $200,000, translating to approximately $38,535 per acre. This represents a compelling investment opportunity given the zoning, location, and site preparation. The property's size and zoning make it suitable for a range of development projects, capitalizing on the strong demand for housing in the area and the proximity to a well-regarded school. This is a rare chance to acquire a ready-to-develop site in a desirable Peoria location.

    Property Features for 0 Mount Hawley Rd

    General Information

    Property type
    Land
    Lot Size
    226,076 SF

    HighLights

    • R‑3 Zoning.
    • Peoria County location.
    • Public sewer available.
    • 5.19‑acre site, ready for development.
    • Located on N Mount Hawley Road, north of Knoxville intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peoria
    County
    Peoria county
    State
    Illinois
    Longitude
    -89.5984252
    Latitude
    40.7705375

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    FAQs

    What type of property is this?
    Land - 5.19 Acres, R-3 & R-1 Zoning
    Where is this land located?
    The property is located at Mount Hawley Rd Peoria, IL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: R-3 Zoning.; Peoria County location.; Public sewer available.
    (309) 687-5000
    Request Owner's contact information
    Mount Hawley Rd Peoria, IL 61614
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    Realmo Value Estimation

    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.

    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.

    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
    Mount Hawley Rd Peoria, IL 61614
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