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    2401 Pioneer Pkwy Peoria, IL 61615

    • Commercial real estate
    • 0.84 lot acres
    For Sale
    View listing
    $1,019,304
    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

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    Peoria, IL 61615
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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