±18 Acres Land for Sale

5947 N. Allen Road Peoria, IL 61614

5947 N. Allen Road, Peoria, IL, 61614
5947 N. Allen Road, Peoria, IL, 61614 5947 N. Allen Road, Peoria, IL, 61614 5947 N. Allen Road, Peoria, IL, 61614 5947 N. Allen Road, Peoria, IL, 61614
FOR SALE
Property Type:
Commercial Land Development
Amount:
$260,000
Last Verified:
Apr 28, 2026

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Highlights

  • Zoned O2
  • Strategic location in Peoria
  • 18.19 acres available
  • ±2 acre section cleared
  • Accessible from Allen Road

Description

Presenting a prime investment opportunity, this property encompasses 18.19 acres of land, with approximately 2 acres already cleared for immediate use. Zoned O2 and conveniently accessible via Allen Road, the site offers a strategic location in the thriving Peoria area, primed for future development. With ample space for expansion and flexible usage possibilities, this property provides an ideal canvas for innovative office or commercial ventures. Don't miss the chance to capitalize on this promising investment, with significant potential for growth and value creation.

This prime development site at 5947 N Allen Road offers an exceptional opportunity in one of North Peoria’s most active commercial corridors. Situated along a high-traffic thoroughfare seeing approximately 18,000 vehicles daily, the property is perfectly positioned among a diverse mix of medical, retail, and industrial anchors. Immediate neighbors include professional hubs like Carle Health Methodist North and Midwest Orthopedic Center, while the area serves as a popular destination for local dining favorites such as Khaki Jack’s and The Fox Pub. With its proximity to major retail giants like Walmart and Menards, as well as the thriving Allen Road Business Park, this land is ideal for a flexible commercial project designed to capture a stable, high-income consumer base and benefit from easy access to Route 6.

Lot Size: 18.19 acres


Documents

5947 Allen Rd

Map of 5947 N. Allen Road, Peoria, IL, 61614

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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.