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    Bass Pro Dr East Peoria, IL 61611

    Sponsored
    For Sale
    $517,500

    1.32 Acres, Prime Location, $517,500

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.32-acre commercial land parcel presents a unique investment opportunity in East Peoria, Illinois. Located on Bass Pro Drive, this B-3 zoned property boasts unparalleled views of the Illinois River and the Murray Baker lighted bridge. Its strategic location offers immediate proximity to a thriving commercial corridor, including a Walmart, Lowe's, PetSmart, and numerous restaurants and strip centers. The property's adjacency to the City-owned Riverfront Park and the Illinois River/Coast Guard inlet provides additional appeal. The asking price is $517,500, translating to a land value of $9 per square foot. This site is ideally suited for a variety of commercial uses, including residential, retail, or hospitality developments. Its prime location offers easy access to Downtown Peoria and the Levee District, further enhancing its investment potential. The property's location across the river from Downtown Peoria provides stunning skyline views, making it an attractive site for businesses seeking high visibility and a desirable location. The surrounding retail concentration ensures high traffic and customer accessibility. This is a rare opportunity to acquire a significant parcel of land in a high-demand area with exceptional visibility and access.

    Property Features for 0 Bass Pro Dr

    General Information

    Property type
    Land
    Lot Size
    57,499 SF

    HighLights

    • 1.32‑acre commercial lot in East Peoria, IL, on Bass Pro Drive, zoned B‑3.
    • Unparalleled Illinois River and Murray Baker Bridge views.
    • High‑traffic location near Walmart, Lowe's, PetSmart, and other retail.
    • $517,500 asking price ($9/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    East Peoria
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.587042
    Latitude
    40.68353

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    FAQs

    What type of property is this?
    Land - 1.32 Acres, Prime Location, $517,500
    Where is this land located?
    The property is located at Bass Pro Dr East Peoria, IL.
    What is the asking price?
    The asking price for this property is $517,500.
    What are key features of this property?
    This property features: 1.32-acre commercial lot in East Peoria, IL, on Bass Pro Drive, zoned B-3.; Unparalleled Illinois River and Murray Baker Bridge views.; High-traffic location near Walmart, Lowe's, PetSmart, and other retail.
    Request Owner's contact information
    Bass Pro Dr East Peoria, IL 61611
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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
    Bass Pro Dr East Peoria, IL 61611
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