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Property profile & analytics
OFF-MARKET
Land

0 Centerway Dr Peoria, IL 61615

8.41 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 8.41-acre commercial land parcel presents a remarkable development opportunity in the thriving North Peoria/Dunlap area of Illinois. Ideally situated at the corner of Centerway Drive and Wilhelm Road, this flat, easily accessible site boasts high visibility and significant potential. The property's strategic location offers immediate proximity to a recently constructed shopping center, anchored by a Schnuck's grocery store. Other prominent businesses in the immediate vicinity include OSF On Call, CVS, Walgreens, and a variety of restaurants, ensuring high foot traffic and consumer density. The lot is conveniently accessed via a well-lit intersection, enhancing both safety and accessibility for potential businesses and customers. This prime location offers developers the chance to capitalize on the area's robust growth and strong retail presence. The asking price for this exceptional development opportunity is $2,198,038. The property is zoned for office and retail uses, making it suitable for a wide range of commercial developments. With its ideal location, ample space, and proximity to established businesses, this 8.41-acre parcel represents a compelling investment opportunity in a rapidly expanding market. The property is located in Peoria County, Illinois, with a Peoria, IL 61615 zip code.

Property profile
Verified
Property type Land
Lot 8.41 ac (366,340 SF)
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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