1037 S WESTERN Avenue

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1037 S WESTERN Avenue

Peoria, IL 61605
Asking Price
$55K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land asset totaling 0.65 acres for sale
  • Located at 1037 S Western Avenue in Peoria
  • Priced at 55000 dollars for prospective development
  • Positioned within an established commercial submarket in Illinois
  • Ideal site for light industrial or retail businesses

What's Special

This commercial land offering at 1037 S Western Avenue in Peoria, Illinois presents a functional site for investors or developers seeking a versatile development plot. Spanning 0.65 acres, the parcel provides sufficient space for various commercial applications within a stable Midwestern industrial and retail submarket. Peoria serves as a significant economic hub in central Illinois, supported by established healthcare, education, and manufacturing sectors that drive consistent regional demand. Buyers can leverage this site for businesses requiring proximity to urban transport corridors or those looking to expand their footprint in a growing suburban market of the Peoria metropolitan area. The flat topography and strategic positioning offer a clean slate for site-specific projects tailored to local commercial needs. Given its size and accessibility, the property is well-suited for professional office facilities, light industrial workshops, or retail operations aiming to capitalize on existing local infrastructure and connectivity.

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NOI
$80,000
Cap Rate
145.45%
DSCR
24.50
Strong
Cash-on-Cash
465.06%
Monthly Payment
$272.11
Annual Cash Flow
$76,734.68

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