3901 Reservoir Blvd Peoria, IL 61615
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 3901 Reservoir Blvd
- Property type
- Commercial real estate
Description
This exceptional 5.83-acre property located at 3901 W RESERVOIR Boulevard in Peoria, Illinois, presents a unique investment opportunity. Currently zoned R3 Single-Family Residential District (Medium Density), this expansive parcel offers significant potential for diverse development projects. The asking price is $185,000. Its versatility allows for a range of uses, including the creation of a secluded homesite, a multi-family residential development, a medical office building, or an assisted living facility. The property's substantial size and flexible zoning make it an attractive prospect for developers and investors seeking a prime location in Peoria, IL (zip code 61615). Situated at latitude 40.732486 and longitude -89.654737, this land offers convenient access to Peoria's amenities and infrastructure. The property's classification includes both commercial and residential subtypes, reflecting its adaptability to various development plans. This is a rare opportunity to acquire a large parcel of land in a desirable area with the potential for significant returns. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.654737
- Latitude
- 40.732486
