300 Camp StEast Peoria, IL 61611

Property Details for 300 Camp St

Lot size

0.73 AC

Property type

Commercial land

APN

01-01-32-201-013

APU

10132201013

Description

This exceptional 0.7-acre commercial land parcel, located at 300 W Camp St in East Peoria, Illinois (zip code 61611), presents a unique development opportunity. Situated on a prominent corner, this site enjoys high visibility at the entrance to the Levee District, a thriving commercial area. The property boasts a 30,000 square foot lot size, zoned B-3, and offers significant potential for various commercial developments. A building of up to 2,500 square feet with a drive-through, or up to 4,000 square feet without a drive-through, is feasible. The location benefits from a high traffic count exceeding 21,000 cars per day, ensuring excellent exposure for any business. Its proximity to Downtown Peoria and its position within the Peoria Metro Market further enhance its appeal. This prime location offers an exceptional value proposition for developers, particularly given the availability of incentives such as Tax Increment Financing (TIF) and Enterprise Zone benefits. The asking price is $540,000, translating to $18 per square foot of land value. This is a rare opportunity to acquire a highly visible and strategically located commercial lot in a rapidly growing area.

• Alternative Use

  Use

  Valuation

  Residential

  $6,572,023

  Hospitality

  $6,019,938

  Educational

  $5,008,518

  Medical

  $5,180,768

  Retail

  $7,791,028

Location Insight

City

East Peoria

County

Tazewell

State

Illinois

Latitude

40.6724

Longitude

-89.5806

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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