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Property profile & analytics
OFF-MARKET
Land

0 Eastgate Dr East Peoria, IL 61571

1.14 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.14-acre commercial land parcel presents a unique development opportunity in East Peoria, Illinois. Located at the highly visible hard corner of Eastgate Drive and Grosenbach Road, this property boasts a strategic location with excellent visibility and accessibility. The lot is zoned B-1, allowing for a variety of commercial uses, making it ideal for businesses seeking a prominent presence in a thriving area. Its size provides ample space for a substantial development project, catering to diverse business needs. The property's location within the city of Washington, Tazewell County, Illinois, offers easy access to major transportation routes and a strong local economy. The 61571 zip code further underscores its convenient location within a well-established community. With its prime location, favorable zoning, and significant size, this property represents a compelling investment opportunity for developers and entrepreneurs alike. The site is ready for immediate development, eliminating lengthy permitting delays and allowing for a swift start to construction. This is a rare chance to acquire a highly desirable commercial lot in a rapidly growing area. Don't miss this opportunity to secure a prime location for your next commercial venture.

Property profile
Verified
Property type Land
Lot 1.14 ac (49,658 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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