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Property profile & analytics

2401 Pioneer Pkwy Peoria, IL 61615

  • Commercial real estate
  • 0.84 lot acres
Value Estimation
Location Intelligence
Property ID
US28-5858410
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Verizon / Cell Phone Store / Telephone Company
  • Verizon Business Services / Business To Business Service

Property Details for 2401 Pioneer Pkwy

Lot size
0.84 lot acres
Property type
Commercial real estate
APN
14-06-451-016
APU
1406451016

Description

This exceptional 1.3-acre commercial lot, identified as Lot #6, presents a remarkable opportunity for development in Peoria, Illinois. Strategically located at 2401 W Pioneer Pkwy, Peoria, IL 61615, this property boasts a highly desirable C-2 zoning designation, opening doors to a wide array of commercial uses. The lot's generous dimensions measure approximately 163 feet by 279 feet, providing ample space for construction. With a daily traffic count of 18,500 vehicles passing by on Pioneer Parkway near Allen Road, this location ensures high visibility and accessibility for any business. The asking price for this prime commercial land is $1,019,304. This is a for sale by owner listing, offering a direct path to acquisition. The property is situated in Peoria County and its coordinates are 40.78431 latitude and -89.62963 longitude. This presents a unique chance to secure a well-positioned commercial lot in a thriving area with significant potential for growth and return on investment. Serious inquiries are encouraged to explore this exceptional opportunity.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $320,000
  • CAP approach

    CAP return
    Estimation
    6%
    $320,000
    6.5%
    $345,000
    7%
    $340,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $330,000
    Geo Method
    $275,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $345,000
    Retail
    $275,000
    Mixed-Use
    $340,000
    Hospitality
    $340,000
    Educational
    $385,000
    Residential Income
    $360,000
    Energy
    $290,000
    Income-Based Land
    $375,000
    Food Service
    $335,000

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.6296
Latitude
40.7843
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,741
$66,450
$128,040
$194,490
-
$199,350
$384,120
$583,470
More about this property
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