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    Commerce & Development Dr Peoria, IL 61604

    Sponsored
    For Sale
    $182,795

    2.19 Acres Commercial Land, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2.19-acre commercial land parcel is ideally situated within the Peoria County Business Park in Peoria, Illinois, zip code 61604. The property boasts a flat, fully infrastructured site, offering immediate access to Interstate 474, ensuring convenient transportation and logistics. Its strategic location near the intersection of Maxwell Road and Plank Road provides excellent visibility and accessibility. This prime location benefits from established neighboring businesses, including Tru-Green, River City Construction, Standard Sheet Metal, PJ Hoerr, Design Plus Cabinet & Granite, Steamfitters Local, P & W Builders, and Brinks, creating a thriving and supportive business environment. The asking price for this ready-to-develop land is $182,795. The address is Commerce & Development Drive, Peoria, IL. This property presents a unique opportunity for businesses seeking a well-connected and established location to build their future. The lot's flat terrain simplifies construction and development, minimizing potential site preparation costs. Given its size and location, this parcel is suitable for a variety of commercial developments. Don't miss this chance to acquire a valuable asset in a high-demand area.

    Property Features for 0 Commerce & Development Dr

    General Information

    Property type
    Land
    Lot Size
    95,396 SF

    HighLights

    • 2.19‑acre flat lot in Peoria County Business Park, Peoria, IL.
    • Fully infrastructured site.
    • Direct I‑474 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6581073
    Latitude
    40.7001416

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    FAQs

    What type of property is this?
    Land - 2.19 Acres Commercial Land, Prime Location
    Where is this land located?
    The property is located at Commerce & Development Dr Peoria, IL.
    What is the asking price?
    The asking price for this property is $182,795.
    What are key features of this property?
    This property features: 2.19-acre flat lot in Peoria County Business Park, Peoria, IL.; Fully infrastructured site.; Direct I-474 access.
    (309) 693-3000
    Request Owner's contact information
    Commerce & Development Dr Peoria, IL 61604
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    Peoria, IL 61604
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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
    Commerce & Development Dr Peoria, IL 61604
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