1123 W Florence Ave, Peoria, IL, 61604

1123 W Florence Ave Peoria, IL 61604

1123 W Florence Ave, Peoria, IL, 61604
1123 W Florence Ave, Peoria, IL, 61604 1123 W Florence Ave, Peoria, IL, 61604 1123 W Florence Ave, Peoria, IL, 61604
FOR SALE
Property Type:
Other Land
Amount:
$400,000
Last Verified:
Feb 24, 2026

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Highlights

  • Prime 1.15-acre parcel
  • Versatile commercial potential
  • Unique dual zoning classification, O1 & C2
  • Strategic War Memorial & University intersection proximity
  • Quick access to I-74 & minutes to downtown Peoria
  • Convenient access for retail and office users

Description

Unlock the full potential of this remarkable property, boasting a coveted dual zoning classification of C2 and O1, strategically situated in the thriving Peoria area. With its versatile zoning designations, this property offers a unique opportunity for retail and office investors alike, providing the flexibility to accommodate a range of commercial ventures. Its advantageous location further enhances its appeal, offering excellent visibility and access to a robust consumer base. Positioned to thrive in the dynamic Peoria market, this property presents an enticing prospect for investors seeking a strategic foothold in a prime commercial location. Embrace the possibilities and make your mark in this vibrant business landscape with this exceptional property.

Explore the vibrant surroundings of the property, located in Peoria, IL, a city known for its dynamic mix of urban amenities and natural beauty. This thriving area offers easy access to professional and recreational hotspots, including the Peoria Riverfront, the charming Warehouse District, and the lively downtown area bustling with dining and entertainment options. Investors will appreciate the area’s diverse and growing economy, well-regarded educational institutions, and ample recreational opportunities. With its strategic location and robust community, Peoria presents an enticing opportunity for investors seeking to make their mark in this flourishing market.

Building Size: 0sq ft
Lot Size: 1.15 acres


Documents

1105 - 1123 Florence

Map of 1123 W Florence Ave, Peoria, IL, 61604

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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.