River Rd
- 1.3 Acres on the desirable East Peoria waterfront that backs up to RiverFront Park
- Shovel-ready with full municipal infrastructure available at property line
- Zoned B-3 allowing for retail, service businesses, office, and recreational uses
- An ideal footprint for QSR or concepts requiring a drive-thru or outdoor setup
- Daily consistent consumer traffic from a regional draw from Bass Pro Shops, Walmart Supercenter, and Lowe's
- Less than half mile from The Levee District, surrounded by national tenants, hotels, and dining options
- Benefits from Riverfront TIF District and Enterprise Zone incentives
Property Description
This prime 1.3-acre retail development lot boasts an unmatched, high-visibility location directly adjacent to the high-traffic Walmart Supercenter on River Road in East Peoria. Situated right in the heart of a bustling waterfront commercial corridor, the property enjoys exceptional synergy with immediate national neighbors like Arby’s, Sherwin-Williams, T-Mobile, and the vibrant Levee District just blocks away. With direct proximity to Interstate 74, major intersections, and the scenic RiverFront Park, this site offers incredible daily traffic counts, easy regional access, and a built-in customer base perfect for premier retail, dining, or commercial development.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $575,000 |
| Lot Size: | 1.32 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
0.34 Acres Van Dyke Avenue
Washington Township, Michigan
0.34 Acres Van Dyke Avenue
Washington Township, Michigan
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout