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    OFF-MARKET
    Commercial real estate

    4405 Prospect Rd, Peoria Heights, IL 61616-6539

    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US28-1957253
    Property summary
    AI-generated overview

    This exceptional commercial land parcel, located at 4405 N PROSPECT Road in Peoria Heights, Illinois, presents a unique investment opportunity. Priced at $339,000, this property boasts a prime corner location on busy Prospect Road, a highly sought-after area known for its thriving dining and retail scene. The site is ideally situated within a Tax Increment Financing (TIF) district and a Business Development District, offering potential economic incentives. The property consists of one building on a land parcel, making it suitable for a variety of commercial uses. Ample parking is available on-site, ensuring convenient access for customers and employees. The address is 4405 N PROSPECT Road, Peoria Heights, IL 61616. Its geographic coordinates are 40.7402506 latitude and -89.5744342 longitude. The year the building was constructed is unavailable. This location's high visibility and strong foot traffic make it an excellent choice for businesses seeking a prominent presence in a vibrant commercial corridor. The property's strategic placement within established commercial districts promises significant return on investment. Serious inquiries are encouraged to explore the potential of this exceptional commercial land offering.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 14-22-381-022
    UPID US28-1957253
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Marvin V Martin JR · 2 yrs held
    Marvin V Martin JR
    since 2024
    6 recorded transactions
    2024
    1969
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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