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    2606 Altorfer Dr Peoria, IL 61615

    Sponsored
    For Sale
    Contact for pricing

    Prime Peoria industrial land, I-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 55-acre parcel, located at 2606 W Altorfer Dr, Peoria, IL 61615, presents a unique investment opportunity. The property is zoned I-1, offering significant flexibility for various commercial and industrial uses. Its strategic location provides excellent access to rail transportation, a significant advantage for businesses requiring efficient logistics. Furthermore, the land boasts frontage on the future Pioneer Parkway Extension, promising enhanced visibility and accessibility once the extension is complete. The expansive acreage allows for considerable development potential, and the property is divisible, catering to a range of project sizes and needs. This is a rare opportunity to acquire a large, well-located industrial parcel in Peoria County, Illinois, with the potential for substantial returns. The property is being offered for sale by owner, providing a streamlined transaction process. Detailed zoning information and site plans are available upon request. Serious inquiries only.

    Property Features for 2606 Altorfer Dr

    General Information

    Property type
    Land
    Lot Size
    2,395,800 SF

    HighLights

    • 55‑acre parcel in Peoria, IL, zoned I‑1 for flexible commercial/industrial use.
    • Excellent rail access and frontage on future Pioneer Parkway Extension.
    • Divisible land with significant development potential.
    • Offered directly by owner for a streamlined transaction.
    Property Profile Location Intelligence

    Current Use by Public Records

    DevBright, Inc Software Company CMS Cepcor - America Manufacturer CMS Cepcor Americas ... Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Hair Salon Wholesale Shop Clothing Store Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.63337
    Latitude
    40.789036

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    FAQs

    What type of property is this?
    Land - Prime Peoria industrial land, I-1 zoning.
    Where is this land located?
    The property is located at 2606 Altorfer Dr Peoria, IL.
    What are key features of this property?
    This property features: 55-acre parcel in Peoria, IL, zoned I-1 for flexible commercial/industrial use.; Excellent rail access and frontage on future Pioneer Parkway Extension.; Divisible land with significant development potential.
    Request Owner's contact information
    2606 Altorfer Dr Peoria, IL 61615
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    Peoria, IL 61615
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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
    2606 Altorfer Dr Peoria, IL 61615
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