4405 Prospect Rd, Peoria Heights, IL 61616-6539
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.
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
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Costs & Benchmarks
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Risks
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