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    8915 Allen Rd Peoria, IL 61615

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    For Sale
    Contact for pricing

    1.35 Acres, C-2 Zoning, Wal-Mart Pad

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.352-acre commercial land parcel presents a unique investment opportunity in Peoria, Illinois. Strategically located at 8915 N Allen Rd, Peoria, IL 61615, this property boasts a highly desirable C-2 zoning designation, offering a wide range of potential commercial uses. Its prime location is situated on the pad of a Wal-Mart, ensuring high visibility and significant foot traffic. The expansive lot size provides ample space for development, making it ideal for a variety of commercial ventures. The property is conveniently situated in Peoria County, Illinois, offering easy access to major transportation routes and a thriving local economy. This is a for-sale-by-owner opportunity, allowing for direct negotiation and streamlined transaction processes. The property's address is precisely 8915 N Allen Rd, Peoria, IL 61615, with GPS coordinates of 40.79523186140579 latitude and -89.63366847629149 longitude. The seller is open to cooperating brokers. This is a rare chance to acquire a well-positioned commercial lot with significant development potential in a high-demand area. Don't miss this opportunity to secure a prime piece of Peoria real estate.

    Property Features for 8915 Allen Rd

    General Information

    Property type
    Land
    Lot Size
    58,893 SF

    HighLights

    • 1.352‑acre commercial land parcel in Peoria, IL.
    • C‑2 zoning allows for diverse commercial uses.
    • High‑visibility location adjacent to a Wal‑Mart, ensuring significant foot traffic.
    • Ample space for various commercial developments.
    • Convenient access to major transportation routes.
    • For sale by owner, allowing direct negotiations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coinstar Money Transfer Service Jackson Hewitt Tax ... Tax Preparation Walmart Pharmacy Pharmacy Logan’s Bingo Corner Bingo Hall Walmart Business Center Computer Service

    Suggested Use

    Realty agency Restaurant Law Firm Hair Salon Clothing Store Hotel & Motel Nail Salon Spa & Massage Gym & Fitness Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.633668476291
    Latitude
    40.795231861406

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    FAQs

    What type of property is this?
    Land - 1.35 Acres, C-2 Zoning, Wal-Mart Pad
    Where is this land located?
    The property is located at 8915 Allen Rd Peoria, IL.
    What are key features of this property?
    This property features: 1.352-acre commercial land parcel in Peoria, IL.; C-2 zoning allows for diverse commercial uses.; High-visibility location adjacent to a Wal-Mart, ensuring significant foot traffic.
    Request Owner's contact information
    8915 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
    8915 Allen Rd Peoria, IL 61615
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