Current Use by Public Records
- Land
Property Details for 5514 War Memorial Dr
- Lot size
- 7.40 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional Peoria, Illinois property offers a unique investment opportunity with several mixed-use land parcels available for sale. Strategically located adjacent to the Grand Prairie Shopping Center, these parcels currently total 92.4 acres and are zoned A1-Agricultural, presenting significant potential for rezoning to accommodate general commercial and multi-family developments. The current offering includes a prime 7.4-acre retail parcel situated on the hard corner of War Memorial Drive and Orange Prairie Road. An additional 7.4-acre parcel lies just south, extending to West Landens Way. Two larger parcels, approximately 27 and 35 acres respectively, are also available and well-suited for multi-family redevelopment. The seller is open to considering alternative subdivision options to meet buyer needs. Exact acreage and dimensions are subject to a professional survey to accommodate specific buyer requirements. Land value ranges from $.85 to $4.5 per square foot, depending on the parcel selected. This presents a rare chance to acquire land in a high-growth area with excellent access to retail and residential amenities. The property's location and zoning potential make it an attractive proposition for developers seeking to capitalize on the area's strong market dynamics. Don't miss this opportunity to secure a piece of Peoria's future. The property is located in Peoria County, Illinois, with a 61615 zip code.
Value Estimations
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AI approach
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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
- -89.6797
- Latitude
- 40.777
