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
Two adjacent parcels totaling 7.4 to 14.8 acres are available for sale in Peoria, Illinois, situated near the Grand Prairie Shopping Center at 5514 W War Memorial Dr, Peoria, IL 61615. The property is currently zoned A1-Agricultural, presenting a unique opportunity for redevelopment. The initial offering focuses on approximately 7.4 acres ideally positioned on the hard corner of War Memorial Drive and Orange Prairie Road, presenting prime retail potential. An additional 7.4 acres lies directly south, extending to West Landens Way. The total acreage may vary slightly depending on the buyer's needs, and precise dimensions will be determined by a professional land survey conducted as part of the due diligence process. The land is priced at $4.50 per square foot. This location offers significant potential for various commercial and multi-family uses, subject to successful rezoning. The proximity to the established Grand Prairie Shopping Center provides excellent visibility and accessibility, making it an attractive investment opportunity for developers seeking a strategic location in a growing area. Interested parties should conduct their own due diligence to confirm zoning regulations and development possibilities.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6799
- Latitude
- 40.7781
