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    2401 Pioneer Pkwy Peoria, IL 61615

    Sponsored
    For Sale
    $1,019,304

    1.3-Acre C-2 Zoned Lot For Sale

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 1.3-acre commercial lot, identified as Lot #6, presents a remarkable opportunity for development in Peoria, Illinois. Strategically located at 2401 W Pioneer Pkwy, Peoria, IL 61615, this property boasts a highly desirable C-2 zoning designation, opening doors to a wide array of commercial uses. The lot's generous dimensions measure approximately 163 feet by 279 feet, providing ample space for construction. With a daily traffic count of 18,500 vehicles passing by on Pioneer Parkway near Allen Road, this location ensures high visibility and accessibility for any business. The asking price for this prime commercial land is $1,019,304. This is a for sale by owner listing, offering a direct path to acquisition. The property is situated in Peoria County and its coordinates are 40.78431 latitude and -89.62963 longitude. This presents a unique chance to secure a well-positioned commercial lot in a thriving area with significant potential for growth and return on investment. Serious inquiries are encouraged to explore this exceptional opportunity.

    Property Features for 2401 Pioneer Pkwy

    General Information

    Property type
    Land
    Lot Size
    56,628 SF

    HighLights

    • $1,019,304 asking price.
    • 1.3‑acre commercial land parcel.
    • C‑2 zoning.
    • Located at 2401 W Pioneer Pkwy, Peoria, IL 61615.
    • For sale by owner; broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Verizon Cell Phone Store Verizon Business Services Business To Business Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.62963
    Latitude
    40.78431

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    FAQs

    What type of property is this?
    Land - 1.3-Acre C-2 Zoned Lot For Sale
    Where is this land located?
    The property is located at 2401 Pioneer Pkwy Peoria, IL.
    What is the asking price?
    The asking price for this property is $1,019,304.
    What are key features of this property?
    This property features: $1,019,304 asking price.; 1.3-acre commercial land parcel.; C-2 zoning.
    Request Owner's contact information
    2401 Pioneer Pkwy 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
    2401 Pioneer Pkwy Peoria, IL 61615
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