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    Maxwell Rd Bellevue, IL 61604

    Sponsored
    For Sale
    $1,300,000

    Farmland near I-74 & Airport

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1,300,000 USD property, identified by APNs 17-15-252-011 and 17-15-252-016, presents a unique investment opportunity in Peoria County, Illinois. Located on N Maxwell Rd, near the intersection of Maxwell Road and Middle Road, in the city of Peoria, zip code 61604, this land parcel boasts a highly desirable location less than one mile from Interstate 74, offering unparalleled logistical advantages for distribution businesses. Its proximity to Peoria International Airport and its cargo terminals, a mere 0.7 miles away, further enhances its appeal. Currently utilized as farmland, the property is zoned for agricultural use. The flat terrain simplifies development, and existing utilities are conveniently located at the property line, minimizing infrastructure costs. The seller is a trust and is willing to assist with the zoning process, should a buyer wish to pursue alternative uses. This property is situated within the Peoria Urban Enterprise Zone, potentially offering additional economic incentives. The property's versatility, prime location, and the seller's willingness to cooperate make this a compelling investment opportunity for developers, businesses, or investors seeking a strategic foothold in a thriving area.

    Property Features for 0 Maxwell Rd

    General Information

    Property type
    Farms

    HighLights

    • $1,300,000 Peoria County, IL land parcel (APN 17‑15‑252‑011 & 17‑15‑252‑016).
    • Located on N Maxwell Rd, near I‑74 and Peoria International Airport.
    • Currently farmland, zoned agricultural, but seller will assist with rezoning.
    • Flat terrain, utilities at property line.
    • Located in the Peoria Urban Enterprise Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bellevue
    County
    Peoria
    State
    Illinois
    Longitude
    -89.69423723
    Latitude
    40.69441706

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    FAQs

    What type of property is this?
    Farm - Farmland near I-74 & Airport
    Where is this farm located?
    The property is located at Maxwell Rd Bellevue, IL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: $1,300,000 Peoria County, IL land parcel (APN 17-15-252-011 & 17-15-252-016).; Located on N Maxwell Rd, near I-74 and Peoria International Airport.; Currently farmland, zoned agricultural, but seller will assist with rezoning.
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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
    Maxwell Rd Bellevue, IL 61604
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