Address
1001 E War Memorial Drive, Peoria Heights, IL
Price
$ 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 |
| Street Name | WAR MEMORIAL |
| 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 |
Amenities
- 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
Price
Taxes
Visits
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