402 Ctr St, East Peoria, IL 61611-7421
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.