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    Oakwood Dr Peoria, IL 61615

    Sponsored
    For Sale
    $2,836,500

    9.41 Acres, C2 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering in Peoria, Illinois, comprises three parcels totaling 9.41 buildable acres. Strategically located on the corner of Route 40 and Hickory Grove Road, this property boasts a prime location just two miles from Route 6, experiencing high traffic volume with 11,100 cars passing daily. The site benefits from a signalized intersection, enhancing visibility and accessibility. The parcels are individually identified as follows: Lot 1 (0929126015) encompasses 1.39 acres

    Property Features for 0 Oakwood Dr

    General Information

    Property type
    Land
    Lot Size
    50,094 SF

    HighLights

    • 9.41 acres of buildable commercial land in Peoria, IL.
    • Prime corner location at Route 40 and Hickory Grove Road, two miles from Route 6.
    • High traffic count of 11,100 vehicles daily with signalized intersection.
    • Three parcels included; Lot 1 (0929126015) is 1.39 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.614814395519
    Latitude
    40.827747843772

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    FAQs

    What type of property is this?
    Land - 9.41 Acres, C2 Zoning, High Traffic
    Where is this land located?
    The property is located at Oakwood Dr Peoria, IL.
    What is the asking price?
    The asking price for this property is $2,836,500.
    What are key features of this property?
    This property features: 9.41 acres of buildable commercial land in Peoria, IL.; Prime corner location at Route 40 and Hickory Grove Road, two miles from Route 6.; High traffic count of 11,100 vehicles daily with signalized intersection.
    Request Owner's contact information
    Oakwood Dr 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
    Oakwood Dr Peoria, IL 61615
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