N Oakwood Dr, Peoria, IL, 61615

N Oakwood Dr Peoria, IL 61615

N Oakwood Dr, Peoria, IL, 61615
N Oakwood Dr, Peoria, IL, 61615 N Oakwood Dr, Peoria, IL, 61615
FOR SALE
Property Type:
Commercial Land Development
Amount:
$2,836,500
Last Verified:
Feb 20, 2024


Description

Three parcels for sale on the corner of Route 40 and Hickory Grove Road. 9.41 buildable acres located 2 miles from Route 6.
Traffic counts of 11,100 cars per day. Signalized intersection. Properties are currently zoned C2 for commercial with adjacent multifamily developments offering potential for rezoning to multifamily if desired. An Illinois Real Estate Broker has partial ownership interest in the property.

OAKBROOK GROVE NW 1/4 SEC 29-10N-8E LOT 1
OAKBROOK GROVE NW 1/4 SEC 29-10N-8E LOT 2
OAKBROOK GROVE NW 1/4 SEC 29-10N-8E LOT 3

Building Size: 0sq ft
Lot Size: 9.41 acres


Documents

Oakwood Rd Land Brochure_FEB2024.pdf

Map of N Oakwood Dr, Peoria, IL, 61615

Presented by:
Joseph & Camper Commercial

Request additional information
Will Hayes


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.