0 Eastgate Dr East Peoria, IL 61571
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.