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    OFF-MARKET
    Land

    5 Rte 91 Hwy, Dunlap, IL 61615

    1.64 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.64-acre commercial land parcel presents a remarkable development opportunity in Dunlap, Illinois. Strategically located on Route 91 at the highly trafficked Shoppes at Grand Prairie, this property boasts a C-2 zoning designation, allowing for a wide range of commercial uses. The site benefits from an average daily traffic count exceeding 7,850 vehicles, further amplified by the destination traffic generated by the established Shoppes at Grand Prairie. This vibrant retail center features a diverse mix of national and regional tenants, including Furniture Row, Hampton Inn, Holiday Inn, Wingate, Hy-Vee Grocery Store, Starbucks, Buffalo Wild Wings, Longhorn Steakhouse, Casey's, AMC Theaters, Planet Fitness, Marshalls, Ethan Allen, Gordmans, and Gold's Gym, ensuring high visibility and strong consumer traffic. The property's location within the Peoria County, with a Peoria city address and 61615 zip code, offers easy access to major transportation routes and a robust consumer base. This prime location and favorable zoning make this 1.64-acre lot an ideal investment for developers seeking a high-impact commercial project in a thriving retail environment. The asking price for this exceptional property is $1,050,000.

    Property profile
    Verified
    Property type Land
    Lot 1.64 ac (71,438 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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