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    7820 Allen Rd Peoria, IL 61615

    Sponsored
    For Sale
    $890,000

    High-visibility Peoria warehouse land, 2.495 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3-acre parcel, located at 7820 N Allen Road in Peoria, Illinois, presents a unique opportunity for commercial development. Currently zoned for industrial use, this property boasts an enviable location at the corner of Allen Road and Pioneer Parkway, enjoying high traffic visibility with an estimated 31,500 cars passing daily. The site is largely flat and easily accessible, making it ideal for a variety of commercial warehouse or industrial uses. While a portion of the land (0.54 acres) is proposed for road improvements, the remaining 2.495 acres offer ample space for construction or expansion. The property's strategic location places it in close proximity to a number of established businesses, including major retailers like Walmart and Menards, as well as several prominent automotive dealerships (Ford, Lincoln, Mercury, Toyota, Lexus, Land Rover, Nissan, and Jaguar). The asking price for this prime Peoria industrial land is $890,000. This property is offered for sale, lease, or build-to-suit options, providing flexibility for potential buyers or tenants. The zip code is 61615. The property is situated in Peoria County.

    Property Features for 7820 Allen Rd

    General Information

    Property type
    Distribution properties

    HighLights

    • 3‑acre commercial parcel in Peoria, IL, zoned for industrial use.
    • High‑traffic corner location at Allen Road & Pioneer Parkway (31,500+ cars daily).
    • Mostly flat, easily accessible site ideal for warehouse or industrial development; 2.495 acres available after road improvements (0.54 acres).
    • Prime location near major retailers (Walmart, Menards) and numerous auto dealerships.
    • Asking price: $890,000; Sale, lease, or build‑to‑suit options available. Zip code 61615, Peoria County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    -89.6345796
    Latitude
    40.8064627

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    FAQs

    What type of property is this?
    Distribution property - High-visibility Peoria warehouse land, 2.495 acres.
    Where is this distribution property located?
    The property is located at 7820 Allen Rd Peoria, IL.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: 3-acre commercial parcel in Peoria, IL, zoned for industrial use.; High-traffic corner location at Allen Road & Pioneer Parkway (31,500+ cars daily).; Mostly flat, easily accessible site ideal for warehouse or industrial development; 2.495 acres available after road improvements (0.54 acres).
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    7820 Allen Rd Peoria, IL 61615
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    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
    7820 Allen Rd Peoria, IL 61615
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