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1001 E War Memorial Drive

Peoria Heights, IL 61616
  • $1,575,000
  • STATUS: Active
  • ON SITE: 482 Days
  • ID#: PA1245573
$1,575,000
  • 0
    BEDS
  • 1.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

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.

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© 2025 RMLS Alliance, LLC. All rights reserved. IDX information is provided 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 purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2025-01-16T23:45:02.737.
www.brysonsmithteam.com/homes/143632645
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1001 E War Memorial Drive Peoria Heights, IL 61616

  • Price: $1,575,000
  • Status: Active
  • On Site: 482 Days
  • ID#: PA1245573
0
Beds
0
Baths
0
½ Baths
1.41
Acres
Neighborhood:
Paar Area
County:
Peoria
Area:
Paar Area
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.
Exterior Features

Construction Materials BrickConcreteGlassVinyl SidingFrame Fenced YN No Roof Composition ShingleFlatSloped

Interior Features

Building Area Total 5776 Cooling Central AirNone Flooring CarpetConcreteOtherTile/Vinyl Handicap Modified Yes Heating Forced AirGasNone

Property Features

Agent Owned No Farm YN No Financing Cash OnlyConventional Frontage Type City StreetCorner LotPaved 4LaneState Road Levels OneFree StandingOther Loading Dock YN No Lot Features LevelSloped Possible Use OtherFreestanding BuildingNeighborhood CenterRetailStrip CenterInvestmentLand & FarmOffice Section 27 Sewer Public Sewer Tax Annual Amount 28237 Tax Incentive1 Enterprize ZoneIn City LimitOther Tax IncentiveTIF District Tax Year 2022 Type Commercial Water Source Municipal/City Zoning B-2

Listing provided courtesy of Jessica Ball of RE/MAX Traders Unlimited: Pref: 309-363-2929.
© 2025 RMLS Alliance, LLC. All Rights Reserved.


© 2025 RMLS Alliance, LLC. All rights reserved. IDX information is provided 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 purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2025-01-16T23:45:02.737.
 
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Bryson Smith Team | Keller Williams Premier Realty
4700 North Prospect Road
Peoria IL, 61616