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    Cornerstone Ct Peoria, IL 61614

    Sponsored
    For Sale
    $411,642

    2.4 Acres, $411,642

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 2.4-acre commercial land parcel in Peoria, Illinois, presents a unique investment opportunity. Located off Allen Road in North Peoria, this property boasts excellent visibility from a cul-de-sac setting while enjoying proximity to major businesses. The area is thriving, with numerous automobile dealerships, office parks, and retailers nearby, including well-known brands like O'Brien Toyota, Land Rover, and Lexus. The site's strategic location ensures high traffic and strong brand recognition potential. While the total acreage is 2.4 acres, the sale price of $411,642 specifically reflects the 1.89 acres suitable for development, offering a land value of $5 per square foot. The property's address is W Cornerstone Ct, Peoria, IL 61614, within Peoria County. This location offers easy access to major roadways and is surrounded by established businesses, making it ideal for a variety of commercial ventures. The property's proximity to other successful businesses creates a synergistic environment, promising strong returns on investment. Don't miss this chance to secure a prime location for your next commercial development in a high-demand area.

    Property Features for 0 Cornerstone Ct

    General Information

    Property type
    Land
    Lot Size
    104,544 SF

    HighLights

    • 2.4‑acre total land parcel.
    • 1.89 acres of buildable land.
    • Price based on buildable acreage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6305269
    Latitude
    40.780811

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    FAQs

    What type of property is this?
    Land - 2.4 Acres, $411,642
    Where is this land located?
    The property is located at Cornerstone Ct Peoria, IL.
    What is the asking price?
    The asking price for this property is $411,642.
    What are key features of this property?
    This property features: 2.4-acre total land parcel.; 1.89 acres of buildable land.; Price based on buildable acreage.
    (309) 693-3000
    Request Owner's contact information
    Cornerstone Ct 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
    Cornerstone Ct Peoria, IL 61614
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