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    2900 Townline Rd Peoria, IL 61615

    Sponsored
    For Sale
    $361,003

    1.95-acre commercial/industrial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.95-acre lot, located at Lot #16- 2900 W Townline Rd, Peoria, IL 61615, presents a compelling investment opportunity. Situated in Peoria's Enterprise Zone, this shovel-ready site boasts convenient access via the IL Route 6 interchange. The property is zoned I-1 Light Industrial and C-2 Large-Scale Commercial, offering significant flexibility for various development projects. Utilities are readily available at the curb, ensuring a seamless construction process. Power options include 120/280 3-phase and 277/480 3-phase power, with 13.2kv available upon request. This versatile lot is ideal for businesses seeking a strategic location with excellent infrastructure. The asking price is $361,003.50. Furthermore, the possibility exists to combine this lot with adjacent properties, creating an even larger development footprint. This property is being offered for sale by owner.

    Property Features for 2900 Townline Rd

    General Information

    Property type
    Land
    Lot Size
    84,942 SF

    HighLights

    • 1.95‑acre lot in Peoria, IL's Enterprise Zone, located at 2900 W Townline Rd, Lot #16.
    • Shovel‑ready site with easy access to IL Route 6 interchange.
    • Zoned I‑1 Light Industrial and C‑2 Large‑Scale Commercial.
    • Utilities at curb; power options include 120/280 3‑phase and 277/480 3‑phase, with 13.2kv available.
    • Asking price: $361,003.50.
    • Potential for combining with adjacent lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marcone Supply - Wholesale ... Appliance Parts Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6379626
    Latitude
    40.7971401

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    FAQs

    What type of property is this?
    Land - 1.95-acre commercial/industrial lot
    Where is this land located?
    The property is located at 2900 Townline Rd Peoria, IL.
    What is the asking price?
    The asking price for this property is $361,003.
    What are key features of this property?
    This property features: 1.95-acre lot in Peoria, IL's Enterprise Zone, located at 2900 W Townline Rd, Lot #16.; Shovel-ready site with easy access to IL Route 6 interchange.; Zoned I-1 Light Industrial and C-2 Large-Scale Commercial.
    Request Owner's contact information
    2900 Townline 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
    2900 Townline Rd Peoria, IL 61615
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