Property profile

0 Commerce & Development Dr Peoria, IL 61604

OFF-MARKET
Land
2.19 ac lot
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Property summary

AI-generated overview

This exceptional 2.19-acre commercial land parcel is ideally situated within the Peoria County Business Park in Peoria, Illinois, zip code 61604. The property boasts a flat, fully infrastructured site, offering immediate access to Interstate 474, ensuring convenient transportation and logistics. Its strategic location near the intersection of Maxwell Road and Plank Road provides excellent visibility and accessibility. This prime location benefits from established neighboring businesses, including Tru-Green, River City Construction, Standard Sheet Metal, PJ Hoerr, Design Plus Cabinet & Granite, Steamfitters Local, P & W Builders, and Brinks, creating a thriving and supportive business environment. The asking price for this ready-to-develop land is $182,795. The address is Commerce & Development Drive, Peoria, IL. This property presents a unique opportunity for businesses seeking a well-connected and established location to build their future. The lot's flat terrain simplifies construction and development, minimizing potential site preparation costs. Given its size and location, this parcel is suitable for a variety of commercial developments. Don't miss this chance to acquire a valuable asset in a high-demand area.

Property profile

Verified
Property type Land
Lot 2.19 ac (95,396 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Commerce & Development Dr Peoria, IL 61604
Peoria metro
Google Maps

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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