Property profile

7820 N Allen Rd Peoria, IL 61615

FOR SALE
Commercial real estate
Property ID
US28-3422598
2.46 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.46 ac (107,158 SF)
APN 14-07-201-001
UPID US28-3422598

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7820 N Allen Rd Peoria, IL 61615
Peoria metro Census 3103 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2018
$290,000
2007
Price N/A
2004
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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