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    Property profile & analytics
    FOR SALE
    Commercial land

    300 W Camp St, East Peoria, IL 61611

    0.73 ac lot
    Entity Owned 3-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-0841691
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.73 ac (31,799 SF)
    APN 01-01-32-201-013
    UPID US28-0841691
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $850k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $935k
    Owner & transaction history
    Mre East Peoria LLC · 3 yrs held
    Mre East Peoria LLC
    since 2023
    Last sale
    $1.1M
    3 recorded transactions
    2023
    $1.3M
    2023
    2022
    $1.1M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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