10023 Knoxville Ave Peoria, IL 61615
- Land
- 1.05 lot acres
Current Use by Public Records
- Jaymo's Sauces / Wholesaler
Property Details for 10023 Knoxville Ave
- Lot size
- 1.05 lot acres
- Property type
- Land
Description
This exceptional 5.79-acre commercial land parcel in Peoria, Illinois, presents a unique investment opportunity. Located at 10023 Knoxville Ave, Peoria, IL 61615, this property boasts a prime location in North Peoria, surrounded by a thriving mix of retail, office, medical facilities, and hotels. The site is zoned C2, allowing for a wide range of commercial development possibilities. A recent subsurface soil and groundwater investigation by Mohr and Kerr Engineering revealed favorable conditions for construction. The entire 7-parcel site is available for $1,500,000, offering significant potential for large-scale development. Alternatively, the seller is willing to divide the property, offering individual parcels at varying prices. Parcel 008 is available for $210,000 ($5.00 PSF), Parcel 009 for $290,000 ($5.00 PSF), Parcel 020 for $412,000 ($10.00 PSF), Parcels 013 & 021 for $498,000 ($10.00 PSF), and Parcels 017 & 022 for $576,000 ($10.00 PSF). The property features approximately 13,100 cars per day traffic count on Knoxville Avenue. Utilities are readily available, making this a truly turnkey opportunity for developers seeking a strategic location with excellent infrastructure and high visibility. This is a rare chance to acquire a substantial commercial land holding in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6131
- Latitude
- 40.8119
