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1001 E War Memorial Drive 1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616
Vacant Land
Vacant Land - Commercial
Property Description
Excellent development opportunity on E War Memorial Drive (US Hwy 150) in Peoria Heights. These four parcels total 1.41 acres and are all zoned B-2. The property is in both a TIF District (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8). There are currently two buildings on the property. One is a 5026 Sq. Ft. retail/office building that could easily be divided for multiple tenants or used as a single tenant business. The other is an oversized garage on the rear of the property from the previous home that had been on the parcel. This property provides two hard corners with multiple road accesses and daily traffic counts of over 25,000. This would be an ideal location for a gas station, drive-thru, restaurant or larger retail operation.
Highlights
- 4 Parcel Sale (1.41 Acres) Zoned B-2
- Multi-tenant retail building on site
- TIF District (Peoria Heights TIF 2) and an Enterprise Zone (Peoria Urban Enterprise Zone #8)
Full Address: 1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616
Listing Type: FOR SALE
Status: Active
Building Class: A
Zoning: B-2
Region: M-EN
Use Type: Retail Strip + Development Site
Property ID: 4065140
Building Sf: 5776
Parcel Num: 14-27-180-038, 037, 034, 027
Number Units: 5
Number Buildings: 2
Free Standing: Yes
Tenancy Type: Multi-Tenant