Property summary
This exceptional 3-acre parcel, located at 7820 N Allen Road in Peoria, Illinois, presents a unique opportunity for commercial development. Currently zoned for industrial use, this property boasts an enviable location at the corner of Allen Road and Pioneer Parkway, enjoying high traffic visibility with an estimated 31,500 cars passing daily. The site is largely flat and easily accessible, making it ideal for a variety of commercial warehouse or industrial uses. While a portion of the land (0.54 acres) is proposed for road improvements, the remaining 2.495 acres offer ample space for construction or expansion. The property's strategic location places it in close proximity to a number of established businesses, including major retailers like Walmart and Menards, as well as several prominent automotive dealerships (Ford, Lincoln, Mercury, Toyota, Lexus, Land Rover, Nissan, and Jaguar). The asking price for this prime Peoria industrial land is $890,000. This property is offered for sale, lease, or build-to-suit options, providing flexibility for potential buyers or tenants. The zip code is 61615. The property is situated in Peoria County.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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