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W Lake Ave

1.7 Acres of Commercial Land Offered at £228,468 in Peoria, IL 61615

INVESTMENT HIGHLIGHTS

  • Tremendous visibility and exposure to Interstate 74 and immediate access to the Sterling Interstate 74 interchange.

EXECUTIVE SUMMARY

Visible for as far as the eye can see driving east toward Peoria and Interstate 74, this last Westlake Shopping Center interstate outlot offers tremendous interstate exposure, immediate access to West Lake Street, adjacent to two hotels -- including the Westlake Marriott. A wooded lot with approximately 2 acres. Owner/Developer will consider build to suit or land lease; or for sale at four dollars per square foot.

TAXES & OPERATING EXPENSES (ACTUAL - 2021)

ANNUAL ANNUAL PER AC
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2021)

Taxes
Annual -
Annual Per AC -
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual £1,181
Annual Per AC £694.63

PROPERTY FACTS

Price £228,468
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 1.70 AC

1 LOT AVAILABLE

Lot 1430101005

Price £228,468
Price Per AC £134,393.05
Lot Size 1.70 AC

Located near highest concentration of retail in the market. Over 400 retailers, 70 restaurants and 12 hotels within one mile.

DESCRIPTION

Exceptional interstate visibility to Interstate 74 and Sterling Avenue interchange – the only interstate Highway in metro market of over 400,000 people. Suitable for variety of commercial development. Up to 20,000 ft.² building seven laid out on owner/developers studies to date. Alternately, heavily and beautifully wooded lot to be developed the high-rise smaller footprint. Easy and immediate access to four-lane Westlake St., Sterling Avenue the Sterling Avenue Interstate 74 interchange. Interstate 74 pylon and/or monument signage possible.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-30-101-005
Land Assessment
£12,140 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£12,140 (2023)

ZONING

Zoning Code C-2
C-2
  • Listing ID: 3832324

  • Date on Market: 18/09/2007

  • Last Updated:

  • Address: W Lake Ave, Peoria, IL 61615

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