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Property profile & analytics

3414 Dries Ln Peoria, IL 61604-1209

  • Commercial real estate
  • 1.16 lot acres
OFF-MARKET
Last Sale
Sep 25, 2020
$400,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-5329404
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

  • Commercial real estate

Property Details for 3414 Dries Ln

Lot size
1.16 lot acres
Property type
Commercial real estate
APN
14-29-327-023
APU
1429327023

Description

This exceptional commercial property, located at 3414 N Dries Ln, Peoria, IL 61604, presents a unique investment opportunity. The former Auto Lane Car Dealership boasts a highly desirable location, situated behind a Walmart on University Avenue and directly across from the Landmark Recreation Center, ensuring high visibility and accessibility. The property features a well-maintained steel exterior, requiring minimal upkeep. A large covered front ramp, easily accommodating vehicles, leads into the spacious interior. The building comprises approximately 2,500+ square feet of showroom/office space, ideal for various uses, and a substantial 3,000+ square foot shop area. This shop features large overhead doors and impressive 20-foot ceilings, providing ample space for diverse operations. The property sits on over two acres of land, including paved parking, offering significant potential for expansion or additional development. This versatile property is suitable for a variety of uses, including automotive, retail, or mixed-use development. Immediate occupancy is available. The asking price is $574,900. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Peoria market. Built in 1999, the single building property offers immediate potential for a variety of businesses.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.6163
Latitude
40.7295
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
$13,761
$62,190
$84,070
$146,260
-
$186,570
$252,210
$438,780
More about this property
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