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1001 E War Memorial Drive, Peoria Heights, IL 61616

$1,050,000

5,026 sq ft
CLS# 1245573
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Excellent investment and/or development opportunity on E War Memorial Drive (US Hwy 150) in Peoria Heights.

These two parcels total 0.74 acres and are zoned B-2. The property is in both a TIF District (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8). The strip center commercial building is a 5026 Sq. Ft. retail/office building that could easily be divided for multiple tenants or used as a single tenant business. This hard corner property features daily traffic counts of over 25,000. This would be an ideal development location for a gas station, drive-thru, restaurant or larger retail operation. This property had been listed prior as 4 total parcels - the sale has now been split between 1001 E War Memorial and 1015 E War Memorial for the other 2 parcels.

Property Details

City
Peoria Heights
County
Peoria
Type
Commercial Sale
New Construction
No
Zoning
B-2
Square Ft.
5,026
Avail Square Ft.
5,026
Acres
0.74
Apx Lot Size
145x270x136x263

Features

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

Financials

2024 Taxes
20651.12
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of RE/MAX Traders Unlimited, Jessica Ball, as of 08/15/2025 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.