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Listed by Jessica Ball • RE/MAX Traders Unlimited
$ 1,050,000
Est. payment /mo
Price Dropped by $525K
1001 E WAR MEMORIAL DR Peoria Heights, IL 61616
5,026 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,026 sqft
Price per Sqft $208
MLS Listing ID PA1245573
Annual Tax Amount $20,651
Tax Year 2024
Lot Size 0.740 Acres
Acres 0.74
Lot Dimensions 145x270x136x263
Property Sub-Type Commercial
Source rmlsa
Property Description
Excellent investment and/or development opportunity on E War Memorial Drive (US Hwy 150) in Peoria Heights. These two parcels total 0.74 acres and are zoned B-2. The property is in both a TIF District (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8). The strip center commercial building is a 5026 Sq. Ft. retail/office building that could easily be divided for multiple tenants or used as a single tenant business. This hard corner property features daily traffic counts of over 25,000. This would be an ideal development location for a gas station, drive-thru, restaurant or larger retail operation. This property had been listed prior as 4 total parcels - the sale has now been split between 1001 E War Memorial and 1015 E War Memorial for the other 2 parcels.
Location
State IL
County Peoria
Area Paar Area
Zoning B-2
Direction War Memorial & Monroe
Interior
Heating Forced Air, Natural Gas, None
Cooling Central Air, None
Flooring Carpet, Concrete, Other, Tile
Fireplace N
Exterior
View true
Roof Type Composition Shingle,Flat,Sloped
Garage 1
Building
Lot Description Level, Sloped
Faces War Memorial & Monroe
Sewer Public Sewer
Water Municipal/City
Structure Type Brick,Concrete,Glass,Vinyl Siding,Frame
Others
Tax ID 14-27-180-038