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Property profile & analytics
OFF-MARKET
Land

015 Harris Rd East Peoria, IL 61611

Property ID
Property summary
AI-generated overview

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

Property profile
Verified
Property type Land
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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