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1001 E War Memorial Drive

Peoria Heights, IL 61616
  • $1,050,000
  • STATUS: Active
  • ON SITE: 808 Days
  • ID#: PA1245573
$1,050,000
  • 0
    BEDS
  • 0.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

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.

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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: 2025-12-08T22:45:04.16.
www.brysonsmithteam.com/homes/143632645
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1001 E War Memorial Drive Peoria Heights, IL 61616

  • Price: $1,050,000
  • Status: Active
  • On Site: 808 Days
  • ID#: PA1245573
0
Beds
0
Baths
0
½ Baths
0.74
Acres
Neighborhood:
Paar Area
County:
Peoria
Area:
Paar Area
Property Description
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.
Exterior Features

Construction Materials BrickConcreteGlassVinyl SidingFrame Fenced YN No Roof Composition ShingleFlatSloped

Interior Features

Building Area Total 5026 Cooling Central AirNone Flooring CarpetConcreteOtherTile Handicap Modified Yes Heating Forced AirNatural GasNone

Property Features

100 Year Flood Plain No Agent Owned No Farm YN No Financing Cash OnlyConventional Frontage Type City StreetCorner LotPaved 4LaneState Road Irregular Lot YN Yes Levels OneFree StandingOther Loading Dock YN No Lot Features LevelSloped Lot Size Dimensions 145x270x136x263 Possible Use OtherFreestanding BuildingNeighborhood CenterRetailStrip CenterInvestmentLand & FarmOffice Section 27 Sewer Public Sewer Tax Annual Amount 20651.12 Tax Incentive1 Enterprize ZoneIn City LimitOther Tax IncentiveTIF District Tax Year 2024 Type Commercial Water Source Municipal/City Zoning B-2

Listing provided courtesy of Jessica Ball of RE/MAX Traders Unlimited: .
© 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: 2025-12-08T22:45:04.16.
 
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Bryson Smith Team | Keller Williams Premier Realty
4700 North Prospect Road
Peoria IL, 61616