Property summary
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
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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