9818 Allen Rd Peoria, IL 61615
- Commercial real estate
- 0.23 lot acres
Current Use by Public Records
- David Hoerr Excavating / Excavating Contractor
Property Details for 9818 Allen Rd
- Lot size
- 0.23 lot acres
- Property type
- Commercial real estate
- APN
- 09-31-251-011
- APU
- 931251011
Description
This exceptional 8.53-acre commercial land parcel presents a unique investment opportunity in Peoria, Illinois. Located at 9818 N Allen Rd, this property boasts an I1 Light Industrial zoning designation, offering considerable flexibility for development. The asking price is $1,764,942, translating to a land value of $5.25 per square foot. The property's APN is 09-31-251-014. Its strategic location at the well-lit intersection of Allen Road and Van Winkle Way provides high visibility and accessibility. The area enjoys strong residential and commercial growth, with nearby prominent businesses including UnityPoint Health, Audi Peoria, Meadowbrook Veterinary Clinic, Peoria Public Library, Menards, and a Walmart Supercenter, along with numerous retail centers, restaurants, and office complexes. Allen Road's recent expansion to four lanes further enhances accessibility. While unincorporated, the land sits adjacent to Peoria city limits and an Enterprise Zone, potentially offering development incentives. This vacant lot presents a compelling opportunity for businesses seeking a prime location with excellent visibility and access to a thriving community. The property's size and zoning make it ideal for a variety of light industrial uses, capitalizing on the area's continued growth and development.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6293
- Latitude
- 40.8075
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
