Peoria Heights, IL Shopping centers for sale

Updated: Sep 25, 2025

Prime Peoria Heights Development Opportunity

1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616

$1,050,000

5,776 sqft

1.41 acres of land zoned B‑2 on E War Memorial Drive (US Hwy 150) offering excellent development opportunity.
Located in both a TIF District (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8).
High traffic counts of over 25,000 vehicles daily.
Includes a 5026 Sq. Ft. retail/office building suitable for single or multiple tenants.
Features two hard corners with multiple road accesses.

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This listing looks promising.

Here's a quick look at some key insights for

1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616,

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Est. Cap Rate

4.6%
NOI ÷ price
Est. NOI

$48K
Annual
Mortgage

$1.32M
Oct 2022
Last Sold

Oct 2022
$975K

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Peoria Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Peoria Retail Center For Sale

4410 N Knoxville Ave, Peoria, IL 61614

$2,825,000

46,620 sqft

46,620 SF retail center with value-add potential in Peoria, IL.

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Anchored Shopping Center with Two Tenants

2004-2010 N Knoxville Ave, Peoria, IL 61603

Contact for pricing

24,879 sqft

Anchored by Rent-A-Center and Arona Home Essentials with early lease extensions from tenants.

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Walmart Shadow-Anchored Retail Center

2243 Westgate Dr, Bloomington, IL 61705

Contact for pricing

26,400 sqft 5.32 AC lot

Shadow-anchored shopping center with a Walmart Supercenter and 1.08-acre undeveloped outparcel, currently 30% leased.

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Multi-Building Retail Portfolio

1601 Morrissey Dr, Bloomington, IL 61704

Contact for pricing

Four-building retail portfolio with direct frontage to a high-traffic parkway and existing long-term tenant income.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Morton Commercial Land For Sale

150 W COURTLAND Avenue, Morton, IL 61550

$1,800,000

3.55 AC lot

3.55 acre commercial land with high traffic frontage.

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Prime Commercial Land I-55 Access

6000 S 6th Street Frontage Road, Springfield, IL 62702

$550,000

1.63 AC lot

1.63 acre commercial land near I-55 in Springfield, IL.

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Commercial Land Near Sports Complex

2995 County Road 1400 E, Rantoul, IL 61866

$563,000

5.63 AC lot

5.63 acre commercial development opportunity off Interstate 57.

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Rantoul Commercial Development Opportunity

2990 County Road 1400 E, Rantoul, IL 61866

$4,000,000

40.00 AC lot

40-acre commercial land near I-57 in Rantoul, Illinois.

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Peoria Heights, IL Shopping Centers Market Trends and Statistics

Explore 1 shopping centers for sale in Peoria Heights, IL on our real estate platform. These investment opportunities span a total of 5,776 square feet of properties for sale, with an estimated market value of $1,050,000.

Sale prices for plazas in Peoria Heights, IL average $1,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
61616	$1.1M

Neighborhood

Average Price

61616

$1.1M

Peoria Heights, IL Shopping Centers for Sale

1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616