2020 War Memorial DrPeoria, IL 61614
- Healthcare properties
- 1.25 AC
Property Details for 2020 War Memorial Dr
- Year built
- 1970
- Lot size
- 1.25 AC
- Property type
- Healthcare properties
- Property subtype
- Retirement homes
Description
This exceptional redevelopment opportunity presents a 26,216 square foot, three-story brick building situated on a 1.25-acre lot in Peoria, Illinois. Currently vacant, the property boasts a permitted C2 zoning designation, allowing for its conversion into senior housing – a project already approved. Built in 1970, the building offers ample parking with 55 spaces, a significant advantage in this market. The property's strategic location provides easy access to I-74, Northwoods Mall, Westlake Shopping Center, numerous hotels, and various restaurants, ensuring high visibility and convenient access for residents. A fully furnished one-bedroom apartment is included on the third floor. Adding to the potential, the seller has a relationship with the owner of an adjacent 1.2-acre parcel, potentially opening up expansion opportunities. The asking price for this prime Peoria property is $925,000. This presents a unique chance to capitalize on the growing demand for senior housing in a highly desirable location. The property's existing infrastructure and approved conversion plans significantly reduce the time and cost associated with typical redevelopment projects. This is a truly exceptional investment opportunity. The APN is 14-30-201-004.
Location Insight
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Latitude
- 40.739
- Longitude
- -89.6261
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].