Property profile

300 Mdw Ave East Peoria, IL 61611

OFF-MARKET
Commercial real estate
Property ID
US28-2047597
1,260 SF 0.11 ac lot Built 1950
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 79,900 dollar commercial land parcel is situated at 300 Meadow Avenue in East Peoria, Illinois, zip code 61611. The property consists of one building on a lot ideally located in Tazewell County. Its classification includes both land and office space, making it suitable for a variety of commercial ventures. The precise dimensions and acreage of the land are not specified in the provided information. However, the asking price of $79,900 presents a compelling investment opportunity for developers or businesses seeking a strategic location in East Peoria. The property's address is easily accessible, offering convenient access to local amenities and transportation routes. Given its commercial zoning and existing building, this property is well-suited for immediate development or renovation to suit a variety of business needs. The latitude and longitude coordinates are 40.6658951 and -89.5531572 respectively, allowing for precise location identification and mapping. Further due diligence is recommended to fully assess the property's potential and suitability for specific business plans. This is a rare opportunity to acquire a commercial property in a thriving Illinois community. Interested parties should act quickly to secure this promising investment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 1,260 SF
Lot 0.11 ac (4,792 SF)
APN 01-01-34-306-001
UPID US28-2047597

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

300 Mdw Ave East Peoria, IL 61611-2808
East Peoria metro Census 20301 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$55k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$55k

Owner & transaction history

since 2025
Last sale
$59,000
1 recorded transaction
2025
$59,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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