24 Us Rte, East Peoria, IL 61611
This exceptional 77-acre commercial property in East Peoria, Illinois, presents a unique investment opportunity. Strategically located on US Route 24, the site offers a compelling blend of immediate development potential and recreational land. Ten acres are fully prepared for construction, boasting readily accessible utilities at the Eastgate Drive intersection. This section is ideal for immediate development, offering significant advantages for businesses seeking a prime location with established infrastructure. The remaining 67 acres provide a valuable recreational component, potentially enhancing the overall appeal and value of the property. This expansive acreage could be utilized for various purposes, from green space to recreational amenities, depending on the buyer's vision. The property's location in Tazewell County, Illinois, with a 61611 zip code, ensures convenient access to major transportation routes and a thriving local economy. This is a rare chance to acquire a substantial land parcel with diverse development possibilities, combining immediate build-ready land with significant additional acreage. The property's size and versatility make it suitable for a wide range of commercial ventures, offering substantial long-term growth potential. Detailed site plans and utility information are available upon request. Don't miss this opportunity to secure a prime piece of East Peoria real estate.
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.