Property profile

5015 Farmington Rd Peoria, IL 61604

OFF-MARKET
Land
2.75 ac lot
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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

Location

5015 Farmington Rd Peoria, IL 61604
Peoria metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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