150 RtePeoria, IL 61615

Property Details for 150 Rte

Lot size

4.04 AC

Property type

Land

Description

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.

Location Insight

City

Peoria

County

Peoria

State

Illinois

Latitude

40.7793

Longitude

-89.6803

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