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1506 N Knoxville Avenue

Peoria, IL 61603
  • $1,650,000
  • STATUS: Closed
  • ON SITE: 553 Days
  • ID#: PA1254333
Sold - 12/05/2025
$1,650,000
SOLD - 12/05/2025
  • 0
    BEDS
  • 1.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Prime commercial land, cleared and ready for development that includes the entire block located at the intersection of Knoxville Avenue (Route 40) and Pennsylvania Avenue. This block sits directly across the street from the OSF hospital campus and the I-74 Knoxville Exit. These 8 parcels total 1.75 acres, zoned CG General Commercial. Property is located in the East Village Growth Cell - TIF (2034) offering developers many significant incentives - more info on TIF in Associated Docs. Parcel list - 18-04-251-002, 18-04-251-003, 18-04-251-004, 18-04-251-007, 18-04-251-008, 18-04-251-006, 18-04-251-001 and 18-04-251-005.

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© 2026 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: 2026-05-09T18:44:48.533.
www.brysonsmithteam.com/homes/157432358
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1506 N Knoxville Avenue Peoria, IL 61603

  • Price: $2,000,000
  • Status: Closed
  • On Site: 553 Days
  • Updated: 31 min ago
  • ID#: PA1254333
0
Beds
0
Baths
0
½ Baths
1.75
Acres
Neighborhood:
Paar Area
County:
Peoria
Area:
Paar Area
Property Description
Prime commercial land, cleared and ready for development that includes the entire block located at the intersection of Knoxville Avenue (Route 40) and Pennsylvania Avenue. This block sits directly across the street from the OSF hospital campus and the I-74 Knoxville Exit. These 8 parcels total 1.75 acres, zoned CG General Commercial. Property is located in the East Village Growth Cell - TIF (2034) offering developers many significant incentives - more info on TIF in Associated Docs. Parcel list - 18-04-251-002, 18-04-251-003, 18-04-251-004, 18-04-251-007, 18-04-251-008, 18-04-251-006, 18-04-251-001 and 18-04-251-005.
Exterior Features

Fenced YN No

Interior Features

Building Area Total 0

Property Features

100 Year Flood Plain No Agent Owned No Current Use Commercial Farm YN No Financing Cash OnlyConventional Frontage Type City StreetState Road Lot Features Level Possible Use Land & Farm Section 04 Sewer Public Sewer Tax Annual Amount 12094.84 Tax Incentive1 In City LimitTIF District Tax Year 2023 Type Commercial Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Municipal/City Zoning Commercial

Listing provided courtesy of Jessica Ball of RE/MAX Traders Unlimited: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 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: 2026-05-09T18:44:48.533.
 
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Bryson Smith Team | Keller Williams Premier Realty
4700 North Prospect Road
Peoria IL, 61616