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1001 E War Memorial Drive, Peoria Heights, IL 61616

$1,575,000

5,776 sq ft
CLS# 1245573
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Excellent development opportunity on E War Memorial Drive (US Hwy 150) in Peoria Heights.

These four parcels total 1.41 acres and are all zoned B-2. The property is in both a TIF District (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8). There are currently two buildings on the property. One is a 5026 Sq. Ft. retail/office building that could easily be divided for multiple tenants or used as a single tenant business. The other is an oversized garage on the rear of the property from the previous home that had been on the parcel. This property provides two hard corners with multiple road accesses and daily traffic counts of over 25,000. This would be an ideal location for a gas station, drive-thru, restaurant or larger retail operation.

Property Details

City
Peoria Heights
County
Peoria
Type
Commercial Sale
New Construction
No
Zoning
B-2
Square Ft.
5,776
Avail Square Ft.
5,776
Acres
1.41

Features

Roofing
  • Composition Shingle
  • Flat
  • Sloped
Heating/Cooling
  • Forced Air
  • Gas
  • None
Water/Sewer
  • Municipal/City

Financials

2022 Taxes
28237
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of RE/MAX Traders Unlimited, Jessica Ball, as of 10/22/2024 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.