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    5423 Wood Sage Rd Peoria, IL 61615

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    For Sale
    Contact for pricing

    Three Peoria lots, C1, O1, & R3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity encompassing three strategically located land parcels on West Wood Sage Road in Peoria, Illinois, 61615. This prime real estate offers a diverse range of development possibilities due to its flexible zoning designations. Lot 401, spanning 10.97 acres, is zoned C1, presenting significant potential for commercial development. Priced at $7.25 per square foot, this lot offers substantial returns. Lot 4B, encompassing 5.93 acres and zoned O1, provides flexibility for various uses, including open space or specific commercial ventures. This lot is priced competitively at $4.25 per square foot. Finally, Lot 3B, a 6.28-acre parcel zoned R3, is ideal for residential development, offering a strong return on investment at $4.00 per square foot. The property's advantageous location near Orange Prairie Road and Route 91, coupled with its proximity to a thriving retail area in Northwest Peoria, ensures high visibility and accessibility. This presents a unique chance to capitalize on the growth and development within this dynamic area of Peoria County. The combined acreage and diverse zoning options make this an exceptional opportunity for investors seeking a high-yield, multi-faceted project.

    Property Features for 5423 Wood Sage Rd

    General Information

    Property type
    Land

    HighLights

    • Three strategically located land parcels totaling 23.18 acres on West Wood Sage Road, Peoria, IL 61615.
    • Lot 401 (10.97 acres, C1 zoning): $7.25/SF, ideal for commercial development.
    • Lot 4B (5.93 acres, O1 zoning): $4.25/SF, flexible zoning for various uses.
    • Lot 3B (6.28 acres, R3 zoning): $4.00/SF, suitable for residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Hair Salon Building Supply Gym & Fitness Pharmacy Daycare Center HVAC Service Garden Center Pet Grooming Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.679027167646
    Latitude
    40.795554221921

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    FAQs

    What type of property is this?
    Land - Three Peoria lots, C1, O1, & R3 zoning.
    Where is this land located?
    The property is located at 5423 Wood Sage Rd Peoria, IL.
    What are key features of this property?
    This property features: Three strategically located land parcels totaling 23.18 acres on West Wood Sage Road, Peoria, IL 61615.; Lot 401 (10.97 acres, C1 zoning): $7.25/SF, ideal for commercial development.; Lot 4B (5.93 acres, O1 zoning): $4.25/SF, flexible zoning for various uses.
    (309) 590-7900
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    5423 Wood Sage Rd 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
    5423 Wood Sage Rd Peoria, IL 61615
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