1101 W War Memorial Dr, Peoria, IL

Land for Sale - $700,000


Agent Info

Nick Ragle
Coldwell Banker Commercial Devonshire Realty

Property Info

CIMLS#1180122
Location
  1101 W War Memorial Dr
  Peoria IL 61604
UpdatedAugust 23rd, 2025
TypeLand
Price$700,000

Property Description

Disclaimer: This listing is subject to the successful closing of the current buyer’s contract.

Be a part of the redevelopment of war memorial & university with Dutch Bros coffee, who has already committed to the corner, with the subject lot offering an opportunity for a complementary retail or service use! This is the busiest intersection in Peoria with 45,000 vehicles daily. Lot 1 is under contract. Coveted corner lot!! Developer will provide BTS, ground lease, or sell remaining parcel. Access road constructed for better traffic flow and site access and potential to connect to war memorial drive directly is in progress with the tif district creation. Drive is also accessible from Florance Ave. Lot 1 has remaining .59 acres of the total 1.6 acres to share with Dutch Bros and there are also lots 2 & 3 that total 2.443 acres (lot 2 (1.31 acres) or lot 3 (1.133 acres) for larger concepts. The redevelopment has access road complete with utility rough-in stubbed to outlot boundary. Be a part of the redevelopment of this highly desirable corner! Tif district is in place!!!


Financials



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