12K Vpd, Peoria, IL Land

Land Description

RI Marketplace Online Auction March 24-26, 2025

View More Info on RI Marketplace

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±0.23-Acre land parcel located at 205 S Western Avenue (the “Property”) in Peoria, Illinois. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±0.23-Acre parcel situated adjacent to Dollar General with access and visibility on South Western Avenue with traffic counts of 12,278 vehicles per day and near the signalized intersection of Martin Luther King Jr Dr with an additional 6,000 vehicles per day. The Property benefits from proximity to Walgreens, Harvest Market, Auto Zone, Advance Auto Parts, McDonald's, and more. The Property benefits from highly favorable R4, Single-Family Residential (high-density) zoning that allows for a wide variety of uses including duplex, single-family detached, day care center, elderly housing, and many more.

Peoria, Illinois, is the largest city along the Illinois River and serves as a major economic hub in central Illinois. With a diverse economy, strong healthcare and manufacturing sectors, and ongoing revitalization efforts, Peoria offers attractive investment opportunities across multiple asset classes. The Property benefits from strong demographics with a population of 117,735 residents and an average household income of $62,562 within a 3-mile radius.

Scott Bowers

c/o Fisher Auction Company Inc.

License: