300 W Camp St, East Peoria, IL 61611
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.