Current Use by Public Records
- Land
Property Details for 1 Briarbrook Dr
- Property type
- Land
Description
This exceptional 0.78-acre lot, situated in East Peoria, Illinois (zip code 61611), presents a remarkable opportunity for developers. Currently zoned R-4 multi-family, this level, cleared parcel is ideally suited for a variety of residential projects, including apartments, duplexes, townhouses, or row houses. The seller is open to dividing a larger 3.76-acre parcel (05-05-10-300-015) into four individual lots, offering flexibility in acquisition size. While the exact lot dimensions may be subject to negotiation based on market conditions and availability at the time of offer, the approximate 0.78-acre size is a strong starting point. Conveniently located behind a Dollar General store, this property enjoys proximity to a grade school within a well-established neighborhood. Utilities are available at the street, although direct lot-line access needs verification by the buyer. The property's strategic location offers easy access to Interstate 74-474 and the East Peoria Levee District, placing it within a short commute of Morton, Peoria, Pekin, and Washington. Buyers are responsible for confirming the suitability of the property for their intended use. The asking price for this promising development site is $79,900. No formal address, legal description, or parcel ID has been assigned to the individual lot yet, only to the larger parcel to be subdivided.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- East Peoria
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.5861
- Latitude
- 40.6915
