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    OFF-MARKET
    Land

    2901 Main St, East Peoria, IL 61611

    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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