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1506 N Knoxville Ave
Peoria, IL 61603

Land For Sale · 1.75 AC

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Investment Highlights

Full block strategically positioned at the intersection of Knoxville Avenue & Pennsylvania Avenue, across from OSF hospital and near the I-74 exit

Situated within the East Village Growth Cell TIF (2034), this property offers developers substantial incentives, ideal for commercial development

Executive Summary

Prime commercial land, cleared and ready for development that includes the entire block located at the intersection of Knoxville Avenue (Route 40) and Pennsylvania Avenue. This block sits directly across the street from the OSF hospital campus and the I-74 Knoxville Exit. These 8 parcels total 1.75 acres, zoned CG General Commercial. Property is located in the East Village Growth Cell - TIF (2034) offering developers many significant incentives.

PROPERTY FACTS

Sale Type	Investment	Property Subtype	Commercial
No. Lots	1	Total Lot Size	1.75 AC
Property Type	Land

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	1.75 AC

1 Lot Available

Lot

Price	$1,920,000	Lot Size	1.75 AC
Price Per AC	$1,097,143

Price	$1,920,000
Price Per AC	$1,097,143
Lot Size	1.75 AC

PROPERTY TAXES

Parcel Numbers	Multiple 18-04-251-008 18-04-251-007 18-04-251-001	Improvements Assessment	$0
Land Assessment	$119,820	Total Assessment	$119,820

PROPERTY TAXES

Parcel Numbers

Multiple

18-04-251-008
18-04-251-007
18-04-251-001

Land Assessment

$119,820

Improvements Assessment

Total Assessment

$119,820

zoning

Zoning Code	CG (General Commercial)
CG (General Commercial)

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Listing ID: 33741207
Date on Market: 11/4/2024
Last Updated:
Address: 1506 N Knoxville Ave, Peoria, IL 61603

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