2606 Altorfer Dr Peoria, IL 61615
- Commercial real estate
- 2.89 lot acres
Current Use by Public Records
- DevBright, Inc / Software Company
- CMS Cepcor - America / Manufacturer
- CMS Cepcor Americas LLC / Manufacturer
Property Details for 2606 Altorfer Dr
- Lot size
- 2.89 lot acres
- Property type
- Commercial real estate
- APN
- 14-06-300-015
- APU
- 1406300015
Description
This exceptional 55-acre parcel, located at 2606 W Altorfer Dr, Peoria, IL 61615, presents a unique investment opportunity. The property is zoned I-1, offering significant flexibility for various commercial and industrial uses. Its strategic location provides excellent access to rail transportation, a significant advantage for businesses requiring efficient logistics. Furthermore, the land boasts frontage on the future Pioneer Parkway Extension, promising enhanced visibility and accessibility once the extension is complete. The expansive acreage allows for considerable development potential, and the property is divisible, catering to a range of project sizes and needs. This is a rare opportunity to acquire a large, well-located industrial parcel in Peoria County, Illinois, with the potential for substantial returns. The property is being offered for sale by owner, providing a streamlined transaction process. Detailed zoning information and site plans are available upon request. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,280,000
- 6.5%
- $1,095,000
- 7%
- $1,230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,090,000
- Geo Method
- $1,035,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,080,000
- Retail
- $950,000
- Mixed-Use
- $1,245,000
- Hospitality
- $1,180,000
- Educational
- $1,280,000
- Residential Income
- $955,000
- Energy
- $1,275,000
- Income-Based Land
- $1,215,000
- Food Service
- $940,000
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6334
- Latitude
- 40.789
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
