1001 E War Memorial Drive, Peoria Heights, IL
$ 1,575,000
Property Attributes
  • MLS#PA1245573
  • TypeCommercial
  • CountyPEORIA
  • CityPeoria Heights
  • AreaPAAR Area
  • Zip61616
  • StyleCommercial
  • Taxes$ 28237
  • Price$ 1,575,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5776
  • Lot Size1.41 Acres
Data Source:
Regional MLS Alliance
Property Description

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.

Price History
9/22/2023 Listed $1,575,000

General Features

City Peoria Heights
Construction Materials Brick, Concrete, Glass, Vinyl Siding, Frame
Cooling Central Air, None
County Peoria
Current Financing Cash Only, Conventional
Days on Market 7
Directions War Memorial & Monroe
Heating Forced Air, Gas, None
Levels One, Free Standing, Other
MLS Area Minor PAAR Area
Net Operating Income -28237
Possible Use Freestanding Building, Neighborhood Center, Other, Retail, Strip Center, Investment, Office
Property SubType Commercial
Property Type Commercial Sale
Roof Composition Shingle, Flat, Sloped
Sewer Public Sewer
Standard Status Active
Status Active
Tax Annual Amount 28237
Tax Year 2022
Township 9N
Zoning B-2

Interior Features

Flooring Carpet, Concrete, Other, Tile/Vinyl
Street Suffix Drive

Exterior Features

Showinginstructions Combination Box, Contact LA
Building Area Total 5776
Frontage Type City Street, Corner Lot, Paved 4Lane, State Road
Lot Features Level, Sloped
Lot Size Acres 1.41
Number of Buildings 2
Water Source Municipal/City


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 61616

AVG $2.83M
AVG $53,931
AVG 59
Data Provided by Inside Real Estate®
AVG 74
Data Provided by Walkscore® not using MLS data