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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	$2,732,621 CAD	Lot Size	1.75 AC
Price Per AC	$1,561,498 CAD

Price	$2,732,621 CAD
Price Per AC	$1,561,498 CAD
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 CAD
Land Assessment	$168,608 CAD	Total Assessment	$168,608 CAD

PROPERTY TAXES

Parcel Numbers

Multiple

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

Land Assessment

$168,608 CAD

Improvements Assessment

$0 CAD

Total Assessment

$168,608 CAD

zoning

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

Listing ID: 33741207
Date on Market: 2024-11-04
Last Updated:
Address: 1506 N Knoxville Ave, Peoria, IL 61603

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