015 Harris Rd East Peoria, IL 61611
This exceptional 3.75-acre parcel in East Peoria, Illinois, presents a remarkable opportunity for multi-family development. Currently zoned R-4, this land is ideally suited for apartments, condos, duplexes, townhomes, or row houses. Its prime location offers convenient access to schools, interstate highways, and shopping centers, ensuring high desirability for future residents. The property boasts level land with readily available utilities, although verification of lot-line access is recommended by the buyer. The seller notes that the 3.75-acre parcel could be divided into four smaller lots, approximately 1.18 acres, 0.93 acres, 0.86 acres, and 0.78 acres. Two of the potential lots would front Briarbrook Drive, while the other two would front Harris Road. The property has frontage on both Briarbrook and Harris Road. The asking price is $264,900, and the size and price are negotiable depending on the number of remaining parcels at the time of purchase. Please note that the address listed is provisional
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.