2901 Main St, East Peoria, IL 61611
This exceptional 4.13-acre commercial lot, ideally situated on Route 116 in East Peoria, presents a unique build-to-suit opportunity. Currently zoned M-1, the property allows for a diverse range of industrial or office developments. An existing building is on the site, offering flexibility for redevelopment or potential repurposing. The lot's size provides ample space for a substantial project, with building square footage negotiable within a range of 10,000 to 12,000 square feet. This prime location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strategic presence in a thriving area. The M-1 zoning ensures a wide array of permitted uses, catering to various business needs. The existing structure, while not detailed in terms of condition or specifications, presents an opportunity for adaptive reuse or demolition to accommodate a new build. This property is a blank canvas for a custom-designed commercial space, perfectly suited for businesses seeking a tailored solution to their operational requirements. Interested parties are encouraged to inquire for further details and to explore the possibilities this versatile property offers. The flexible building size allows for customization to meet specific business needs, making this an exceptional opportunity for a tailored commercial development.
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
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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.