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:
Other Land
Amount:
$495,000
Last Verified:
Jan 20, 2026

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Description

Prime development opportunity located along high-visibility N Allen Rd. with easy access to major Peoria corridors & interstate
1.04 AC commercial land ideal for retail, office, medical, or service-oriented development
All utilities available at the site
Strong surrounding demographics with established residential neighborhoods and nearby commercial activity
Convenient Peoria location offering excellent exposure, accessibility, and longterm growth potential

VONACHEN SUB NE 1/4 SEC 6-9-8E LOT 3

Lot Size: 1.04 acres


Documents

8700 Allen LAND Brochure_1.19.26.pdf

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.