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    OFF-MARKET
    Commercial real estate

    Mount Hawley Rd, Peoria, IL 61614

    5.19 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.19-acre parcel presents a remarkable opportunity for developers seeking a prime location in Peoria, Illinois. Situated on N Mount Hawley Road, this property boasts an ideal setting directly across from Keller Primary School, part of the Peoria Public Schools district. The site's zoning is predominantly R-3, with a smaller portion zoned R-1, offering flexibility for a variety of development projects. Previously occupied by a school, the land has been completely cleared, eliminating the need for extensive site preparation, and is ready for immediate development. This significantly reduces upfront costs and accelerates the project timeline. The expansive acreage allows for substantial buildable space, making it suitable for a wide range of projects, including residential, multifamily housing, senior or assisted living facilities, or other developments that would benefit from the proximity to a school. The strategic location and zoning regulations combine to create a compelling investment opportunity with significant potential for high returns. Detailed zoning information and site plans are available upon request. This is a rare chance to acquire a large, cleared, and conveniently located development site in a thriving Peoria neighborhood. Don't miss this chance to capitalize on this exceptional opportunity. Serious inquiries only.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 5.19 ac (226,076 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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