9203 Galena Rd Peoria, IL 61615
This exceptional 14.67-acre commercial property in Peoria, Illinois, presents a unique investment opportunity. Located at 9203 N Galena Road, zip code 61615, this expansive land currently houses the Heart of Illinois Horse Arena, a well-established equestrian facility. The property boasts a large indoor arena, complemented by smaller outdoor arenas, a substantial stable with capacity for approximately 130 horses, and a fully functional concession stand with a high-quality public address system. Two existing residential properties on the site offer additional income potential through rental opportunities. The serene 15-acre setting on Galena Road provides ample space and versatility. This property has a rich history of hosting diverse events, including auctions, horse shows, camping, and BMX racing, showcasing its adaptability and potential for various uses. The asking price is $1,300,000. This is a rare chance to acquire a substantial property with significant existing infrastructure and immense future possibilities. Don't miss this opportunity to own a piece of Peoria's commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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