0 Fairview AveEast Peoria, IL 61611

Property Details for 0 Fairview Ave

Lot size

7.40 AC

Property type

Mixed-use properties

Property subtype

Land

Description

This exceptional 7.4-acre parcel in East Peoria, Illinois, presents a compelling redevelopment opportunity. Located conveniently off Camp Street near the I-74 exit, this property boasts R-4 Multifamily zoning, making it ideal for a variety of multifamily residential projects. Previously utilized as a trailer park, existing utilities are already in place, significantly reducing development costs and timelines. The site's strategic location offers easy access to the interstate, providing convenient commutes for future residents. Furthermore, the property's proximity to numerous restaurants and retail establishments enhances its appeal and potential for attracting tenants. This is a rare chance to acquire a substantial land holding in a thriving area with established infrastructure and high demand for housing. The asking price is $449,000. The property is classified as Industrial, Land, Mixed Use, and Multifamily, with a single tenancy. Located at Fairview Ave, East Peoria, IL 61611, in Tazewell County. This is a prime investment for developers seeking a high-return project in a desirable location. The property's size and zoning provide significant flexibility for various development plans, catering to a wide range of housing needs. Don't miss this chance to capitalize on the growing East Peoria market.

Location Insight

City

East Peoria

County

Tazewell

State

Illinois

Latitude

40.6669

Longitude

-89.569

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