5423 Wood Sage Rd Peoria, IL 61615
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 5423 Wood Sage Rd
- Property type
- Commercial real estate
Description
Exceptional investment opportunity encompassing three strategically located land parcels on West Wood Sage Road in Peoria, Illinois, 61615. This prime real estate offers a diverse range of development possibilities due to its flexible zoning designations. Lot 401, spanning 10.97 acres, is zoned C1, presenting significant potential for commercial development. Priced at $7.25 per square foot, this lot offers substantial returns. Lot 4B, encompassing 5.93 acres and zoned O1, provides flexibility for various uses, including open space or specific commercial ventures. This lot is priced competitively at $4.25 per square foot. Finally, Lot 3B, a 6.28-acre parcel zoned R3, is ideal for residential development, offering a strong return on investment at $4.00 per square foot. The property's advantageous location near Orange Prairie Road and Route 91, coupled with its proximity to a thriving retail area in Northwest Peoria, ensures high visibility and accessibility. This presents a unique chance to capitalize on the growth and development within this dynamic area of Peoria County. The combined acreage and diverse zoning options make this an exceptional opportunity for investors seeking a high-yield, multi-faceted project.
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
- -89.679027167646
- Latitude
- 40.795554221921
