8700 North Allen Road, Peoria, IL, 61615

8700 North Allen Road Peoria, IL 61615

8700 North Allen Road, Peoria, IL, 61615
8700 North Allen Road, Peoria, IL, 61615
FOR SALE
Property Type:
Factory
Amount:
$4,700,000
Last Verified:
Jan 20, 2026

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Description

The 69,758-square-foot building benefits from a strategic location just off North Allen Road and State Route 6, which carry approximately 20,600 and 24,900 vehicles per day, respectively. The property is situated within a dense industrial corridor anchored by established tenants including Roto-Rooter, Advanced Technology Services, Trigo-SCSI, Brewers Distributing Co., Peoria Production Solutions, U-Haul, Ryder Truck Rental, Community Wholesale Tire, Keling Roofing Company, and others. Additionally, several nearby retailers, including Walmart Supercenter, Menards, ALDI, and multiple automotive dealerships (Ford, Chrysler, Dodge, Jeep, and RAM), drive strong daytime traffic to the area. Approximately 171,000 people reside within a 10-mile radius of the property, with households within a 3-mile radius earning an average household income exceeding $135,000.

VONACHEN SUB NE 1/4 SEC 6-9-8E LOT 1; ALSO LOT 4 PARK 74 SUB


Year Built: 1995
Building Size: 69758sq ft
Lot Size: 3.0 acres

Map of 8700 North Allen Road, Peoria, IL, 61615

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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.