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    OFF-MARKET
    Land

    5015 Farmington Rd, Peoria, IL 61604

    2.75 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.75-acre commercial land parcel, located at 5015 W Farmington Road in Peoria, Illinois (zip code 61604), presents a unique investment opportunity. The property boasts a highly visible location directly adjacent to a Dollar General store, ensuring significant exposure for any future development. The lot is zoned for Retail, Residential, Industrial, and Commercial uses (Retail/RES/IND/COMM), offering considerable flexibility for a variety of projects. The land itself is generally level with some wooded areas. Existing utilities on-site include electricity, gas, water, and sewer, simplifying development plans. The property's APN is 17-02-103-010. While the current tax assessment reflects a larger parcel, a revised tax bill reflecting the 2.75-acre size is forthcoming. The Peoria Village is actively engaged in assisting buyers with potential zoning adjustments, providing further development opportunities. The possibility of acquiring additional acreage beyond the current 2.75 acres may also exist. This prime location and the village's collaborative approach make this a compelling investment opportunity for developers and entrepreneurs seeking a high-visibility site in a thriving area. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 2.75 ac (119,790 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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