Unique property offering in East Peoria city limits. Property has been under current ownership since 1959. Property and acreage has so many use possibilities. City has already turned down any deals related to Event center, microbrewery, etc. City of East Peoria would like to see this as a residential redevelopment. Close proximity to Illinois Central College makes it an ideal student housing or section 42 development. With a little vision this 7.85 acres near Illinois Central College has so many options. Property is private and features commercial kitchen, large event space, bar area, outdoor pavillion and ample parking. Upper level flex area could be business office or converted to on site living space. Direct traffic counts of 4500+ CPD ~ Nearing intersection counts of 6500+ CPD. Current owners relocating, creating a great opportunity for new owners on this unique offering. Current property taxes reflect partial fraternal exemption. Buyer responsible for zoning verification for intended use. SEE ALSO MLS #PA1257835.
Listing information is provided by RMLS Alliance LLC courtesy of Jim Maloof Realty, Inc., Amber Neal, as of 05/13/2025 15:15pm exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
