$325,000.00
East Peoria, IL 61611
- 7.85 Acres
- Tazewell County
Description
Possible owner financing with acceptable offer. Unique property offering in East Peoria city limits. Property has been under current ownership since 1959. Property and acreage has so many use possibilities. City has already turned down any deals related to Event center, microbrewery, etc. City of East Peoria would like to see this as a residential redevelopment. Close proximity to Illinois Central College makes it an ideal student housing or section 42 development. With a little vision this 7.85 acres near Illinois Central College has so many options. Property is private and features commercial kitchen, large event space, bar area, outdoor pavillion and ample parking. Upper level flex area could be business office or converted to on site living space. Direct traffic counts of 4500+ CPD ~ Nearing intersection counts of 6500+ CPD. Current owners relocating, creating a great opportunity for new owners on this unique offering. Current property taxes reflect partial fraternal exemption. Buyer responsible for zoning verification for intended use.
Key Features
- Property Type Commercial Sale
- Acres 7.85 Acres
- Minerals Call for more info
- MLS # PA1241786
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Listing #PA1241786 Courtesy of Amber Neal with Jim Maloof Realty, Inc.. . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.
