0 Mount Hawley Rd Peoria, IL 61614
Exceptional 5.19-acre development opportunity in Peoria, Illinois, located on N Mount Hawley Road. This property, consisting of two parcels (APN 14-16-129-014 and 14-16-177-001), is zoned R-3 and R-1, offering flexibility for various projects. Previously a school site, the land has been cleared and is ready for immediate development. Its ideal location across from Keller Primary School within the Peoria Public School system presents a unique advantage for residential, multifamily, or senior/assisted living developments. The property boasts convenient access via Mt. Hawley Road, north of the Knoxville intersection. Public sewer is available. The asking price is $200,000, translating to approximately $38,535 per acre. This represents a compelling investment opportunity given the zoning, location, and site preparation. The property's size and zoning make it suitable for a range of development projects, capitalizing on the strong demand for housing in the area and the proximity to a well-regarded school. This is a rare chance to acquire a ready-to-develop site in a desirable Peoria location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.