For Sale
$500,000

150 Rte Peoria, IL 61615

4.04 Acres, High-Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 4.04-acre parcel of land is strategically located in Peoria, Illinois, near the intersection of US Route 150 and Route 6, offering unparalleled access to major transportation arteries. The property boasts a current annual income stream of $9,181.26 from a cellular tower lease. Its prime location places it in close proximity to thriving commercial centers, including the Shoppes at Grand Prairie, Willow Knolls Shopping Center, The Home Depot, and the recently constructed Louisville Slugger Sports Complex, ensuring high visibility and strong potential for future development. The land is priced at $500,000, translating to a land value of $2.84 per square foot. This presents a unique investment opportunity with significant upside potential. An adjacent 1.587-acre parcel is also available for purchase, providing an opportunity to acquire a larger contiguous land holding. The property's location in Peoria County, Illinois, with a zip code of 61615, offers easy access to a robust infrastructure and a thriving local economy. This is an ideal site for a variety of commercial ventures, capitalizing on its high-traffic location and existing income stream. Serious inquiries are encouraged.

Highlights

  • 4.04± Acres of land in Peoria, IL.
  • Excellent location near US Route 150 and Route 6.
  • Generating $9,181.26 annual income from a cellular tower lease.
  • High visibility near Shoppes at Grand Prairie, Willow Knolls Shopping Center, Home Depot, and Louisville Slugger Sports Complex.
  • Adjacent 1.587± acres also available.

Property Details for 150 Rte

Property type
Land
Lot Size (sq. ft)
175,982 SF

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.7793066
Longitude
-89.6803182

FAQs

What type of property is this?
Land - 4.04 Acres, High-Income Potential
Where is the land located?
The property is located at 150 Rte Peoria, IL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 4.04± Acres of land in Peoria, IL.; Excellent location near US Route 150 and Route 6.; Generating $9,181.26 annual income from a cellular tower lease.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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150 Rte
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