8915 Allen RdPeoria, IL 61615

  • Commercial real estate
  • 22.10 AC
For Sale

Property Details for 8915 Allen Rd

Lot size
22.10 AC
Property type
Commercial real estate
APN
14-06-126-014
APU
1406126014

Description

This exceptional 1.352-acre commercial land parcel presents a unique investment opportunity in Peoria, Illinois. Strategically located at 8915 N Allen Rd, Peoria, IL 61615, this property boasts a highly desirable C-2 zoning designation, offering a wide range of potential commercial uses. Its prime location is situated on the pad of a Wal-Mart, ensuring high visibility and significant foot traffic. The expansive lot size provides ample space for development, making it ideal for a variety of commercial ventures. The property is conveniently situated in Peoria County, Illinois, offering easy access to major transportation routes and a thriving local economy. This is a for-sale-by-owner opportunity, allowing for direct negotiation and streamlined transaction processes. The property's address is precisely 8915 N Allen Rd, Peoria, IL 61615, with GPS coordinates of 40.79523186140579 latitude and -89.63366847629149 longitude. The seller is open to cooperating brokers. This is a rare chance to acquire a well-positioned commercial lot with significant development potential in a high-demand area. Don't miss this opportunity to secure a prime piece of Peoria real estate.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $198,960,000
    Hospitality
    $182,246,288
    Educational
    $151,626,768
    Medical
    $156,841,456
    Retail
    $235,863,872
8915 Allen Rd, Peoria, Illinois

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.7962
Longitude
-89.6339
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$456,939
$1,049,920
$4,201,600
$5,251,520
-
$3,149,760
$12,604,800
$15,754,560

FAQs

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