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Property profile & analytics
OFF-MARKET
Land

0 Sheridan Rd Peoria, IL 61614

1.09 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.09-acre property in Peoria, Illinois, presents a unique investment opportunity. Situated on Sheridan Road, this high-visibility location boasts five interconnected vacant parcels, ideal for diverse development. Three parcels, totaling 0.62 acres, are zoned O-1, permitting Arterial Office use, while two additional parcels, encompassing 0.47 acres, are zoned R-3, allowing for residential development. The parcels' interconnected nature offers flexibility for a cohesive project. The property's address is Sheridan Road, Peoria, IL 61614, with GPS coordinates 40.7434937 latitude and -89.6030252 longitude. The asking price for this entire 1.09-acre assemblage is $99,900. The individual parcel numbers are 1421354003, 1421354004, 1421354005, 1421354013, and 1421354010. This prime location offers significant potential for developers seeking a mixed-use project in a high-traffic area of Peoria County. The property is conveniently located within Peoria city limits. This is a rare opportunity to acquire a substantial land holding with flexible zoning in a desirable location.

Property profile
Verified
Property type Land
Lot 1.09 ac (47,480 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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