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Fairview Ave East Peoria, IL 61611

Sponsored
For Sale
$449,000

7.4 Acres, Multifamily Zoning, East Peoria

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 7.4-acre parcel in East Peoria, Illinois, presents a compelling redevelopment opportunity. Located conveniently off Camp Street near the I-74 exit, this property boasts R-4 Multifamily zoning, making it ideal for a variety of multifamily residential projects. Previously utilized as a trailer park, existing utilities are already in place, significantly reducing development costs and timelines. The site's strategic location offers easy access to the interstate, providing convenient commutes for future residents. Furthermore, the property's proximity to numerous restaurants and retail establishments enhances its appeal and potential for attracting tenants. This is a rare chance to acquire a substantial land holding in a thriving area with established infrastructure and high demand for housing. The asking price is $449,000. The property is classified as Industrial, Land, Mixed Use, and Multifamily, with a single tenancy. Located at Fairview Ave, East Peoria, IL 61611, in Tazewell County. This is a prime investment for developers seeking a high-return project in a desirable location. The property's size and zoning provide significant flexibility for various development plans, catering to a wide range of housing needs. Don't miss this chance to capitalize on the growing East Peoria market.

Property Features for 0 Fairview Ave

General Information

Property type
Multifamily properties
Lot Size
322,344 SF

HighLights

  • 7.4‑acre multi‑family zoned land parcel in East Peoria, IL.
  • Convenient Camp Street location near I‑74 exit.
  • Existing utilities in place from prior trailer park use.
  • Excellent redevelopment opportunity.
  • Close proximity to restaurants and retail amenities.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
East Peoria
County
Tazewell
State
Illinois
Longitude
-89.569031847034
Latitude
40.666915989803

FAQs

What type of property is this?
Multifamily property - 7.4 Acres, Multifamily Zoning, East Peoria
Where is this multifamily property located?
The property is located at Fairview Ave East Peoria, IL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 7.4-acre multi-family zoned land parcel in East Peoria, IL.; Convenient Camp Street location near I-74 exit.; Existing utilities in place from prior trailer park use.
More about this property
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