1506 Knoxville Ave Peoria, IL 61603

This exceptional 1.75-acre commercial land parcel, located in Peoria, Illinois, presents a unique development opportunity. The property, encompassing eight parcels (APN: 18-04-251-001, 18-04-251-002, 18-04-251-003, 18-04-251-004, 18-04-251-005, 18-04-251-006, 18-04-251-007, 18-04-251-008), is situated at the high-traffic intersection of Knoxville Avenue (Route 40) and Pennsylvania Avenue. This strategic location offers unparalleled visibility and accessibility, directly across from the OSF Hospital campus and the I-74 Knoxville exit. The land is zoned general commercial (CG) and is already cleared, allowing for immediate development. Priced at $1,920,000 ($25/sq ft land value), this property benefits from its inclusion in the East Village Growth Cell – TIF (2034), providing developers with substantial financial incentives. Detailed information regarding the Tax Increment Financing (TIF) program is available in the associated documents. This is a rare chance to acquire a fully prepared, high-visibility commercial site in a thriving area of Peoria. The property's prime location and significant development incentives make it an attractive investment for a wide range of commercial ventures. Don't miss this opportunity to secure a prominent position in Peoria's commercial landscape.