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    OFF-MARKET
    Commercial land

    402 Ctr St, East Peoria, IL 61611-7421

    3,648 SF 4 ac lot Built 1947
    Individually Owned 9-yr Hold Free & Clear
    Property ID
    US28-2547654
    Property summary
    AI-generated overview

    This exceptional 4-acre parcel presents a rare opportunity for industrial development in East Peoria, Illinois. Strategically located between Caterpillar's East Peoria facility and the railroad, this M2-zoned property offers unparalleled access to transportation and a skilled workforce. The site boasts existing utilities, including a readily available fire hydrant, ensuring a smooth transition for any project. A pre-existing concrete pad remains from a previous structure, potentially reducing initial development costs. The property's APN is 01-01-32-308-001. The asking price for this vacant land is $400,000. Its convenient location, coupled with the existing infrastructure, makes this an ideal site for a variety of industrial uses. The property is zoned for manufacturing and commercial purposes, providing flexibility for potential buyers. This is a unique chance to acquire a well-situated, ready-to-develop industrial site in a thriving Illinois community. The address is 402 CENTER Street, East Peoria, IL 61611. The property is classified as industrial land with commercial and manufacturing subtypes.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1947
    Total area 3,648 SF
    Lot 4 ac (174,240 SF)
    APN 01-01-32-308-001
    UPID US28-2547654
    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
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    by Request
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    Owner & transaction history
    Gentleman Gaming Ltd · 9 yrs held
    Gentleman Gaming Ltd
    since 2016
    7 recorded transactions
    2016
    2008
    2008
    $70,000
    2008
    2004
    $15,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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