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Property profile & analytics
OFF-MARKET
Land

0 Mount Hawley Rd Peoria, IL 61614

5.19 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
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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