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    Eastgate Dr East Peoria, IL 61571

    • Land
    • 1.14 lot acres
    For Sale
    View listing
    $198,634
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Eastgate Dr

    Lot size
    1.14 lot acres
    Property type
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    East Peoria
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.508
    Latitude
    40.7163

    Comparable in this City

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      1.00 Acre

      101 Eastgate Dr

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      905 Devonshire Rd

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      Eastgate Dr

      Land • 0.94 Acres
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    • Value Estimation by Request
      0.88 Acres

      150 Summit Dr

      Land • 1 SF
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      35.11 Acres

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      Land • 35.11 Acres
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    Similar Nearby for Lease

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    Eastgate Dr
    East Peoria, IL 61571
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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