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    521 Main St Peoria, IL 61602

    Sponsored
    For Sale
    $1,000,000

    1.28 Acres, Main Street Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1.28-acre commercial land parcel presents a unique investment opportunity in the heart of Peoria, Illinois. Strategically located at 521 N. Main Street, this property boasts significant frontage of approximately 373 feet along Main Street, offering unparalleled visibility and accessibility. Its prime location places it within easy reach of downtown Peoria's vibrant business district and less than a mile from the prestigious Bradley University campus, ensuring high traffic and a diverse potential customer base. The property's zoning (information not provided) will need to be verified by the buyer to determine suitable development options. The asking price for this highly desirable site is $1,000,000. Given its size, location, and proximity to key Peoria landmarks, this property is ideally suited for a wide range of commercial developments, from retail spaces and restaurants to office buildings or mixed-use projects. The substantial frontage on Main Street provides ample space for signage and convenient access for customers and employees. Detailed site plans and surveys are available upon request. This is a rare opportunity to acquire a significant commercial land holding in a thriving Illinois city. Serious inquiries only. The property is located in Peoria County, Illinois, with a zip code of 61602. The precise coordinates are latitude 40.694203 and longitude -89.5924929.

    Property Features for 521 Main St

    General Information

    Property type
    Land
    Lot Size
    55,757 SF

    HighLights

    • 1.28‑acre commercial land parcel in Peoria, IL, at 521 N. Main Street.
    • Approximately 373 feet of Main Street frontage provides high visibility and accessibility.
    • Prime location near downtown Peoria and Bradley University ensures high traffic and diverse customer base.
    • Asking price: $1,000,000.
    • Suitable for various commercial developments (buyer to verify zoning).
    Property Profile Location Intelligence

    Current Use by Public Records

    Apex Roofing Inc. Construction Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5924929
    Latitude
    40.694203

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    FAQs

    What type of property is this?
    Land - 1.28 Acres, Main Street Location
    Where is this land located?
    The property is located at 521 Main St Peoria, IL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 1.28-acre commercial land parcel in Peoria, IL, at 521 N. Main Street.; Approximately 373 feet of Main Street frontage provides high visibility and accessibility.; Prime location near downtown Peoria and Bradley University ensures high traffic and diverse customer base.
    (309) 693-3000
    Request Owner's contact information
    521 Main St Peoria, IL 61602
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    Peoria, IL 61602
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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
    521 Main St Peoria, IL 61602
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