300 Camp St East Peoria, IL 61611
- Commercial land
- 0.73 lot acres
Current Use by Public Records
- Commercial land
Property Details for 300 Camp St
- Lot size
- 0.73 lot acres
- Property type
- Commercial land
- APN
- 01-01-32-201-013
- APU
- 10132201013
Description
This exceptional 0.7-acre commercial land parcel, located at 300 W Camp St in East Peoria, Illinois (zip code 61611), presents a unique development opportunity. Situated on a prominent corner, this site enjoys high visibility at the entrance to the Levee District, a thriving commercial area. The property boasts a 30,000 square foot lot size, zoned B-3, and offers significant potential for various commercial developments. A building of up to 2,500 square feet with a drive-through, or up to 4,000 square feet without a drive-through, is feasible. The location benefits from a high traffic count exceeding 21,000 cars per day, ensuring excellent exposure for any business. Its proximity to Downtown Peoria and its position within the Peoria Metro Market further enhance its appeal. This prime location offers an exceptional value proposition for developers, particularly given the availability of incentives such as Tax Increment Financing (TIF) and Enterprise Zone benefits. The asking price is $540,000, translating to $18 per square foot of land value. This is a rare opportunity to acquire a highly visible and strategically located commercial lot in a rapidly growing area.
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
- East Peoria
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.5806
- Latitude
- 40.6724
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
