1001 War Memorial DrPeoria Heights, IL 61616

Property Details for 1001 War Memorial Dr

Property type

Commercial real estate

APN

14-27-180-038

APU

1427180038

Description

This exceptional 1.41-acre commercial property, located at 1001 E War Memorial Drive in Peoria Heights, Illinois (zip code 61616), presents a remarkable development opportunity. The site boasts a B-2 zoning designation, allowing for a variety of commercial uses. Situated on US Hwy 150, this property benefits from high visibility and significant daily traffic counts exceeding 25,000 vehicles. The land encompasses four parcels and includes two existing structures: a 5,026 square foot retail/office building, potentially divisible into 4-6 units, and an oversized garage. The property's strategic location at two hard corners provides multiple road access points. This location is ideal for a gas station, drive-thru restaurant, or larger retail operation. The property is situated within both a Tax Increment Financing (TIF) district (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8). The asking price for this prime development opportunity is $1,575,000. The property is owned by an LLC.

Location Insight

City

Peoria Heights

County

Peoria

State

Illinois

Latitude

40.7323

Longitude

-89.5787

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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