1 Briarbrook DrEast Peoria, IL 61611

For Sale
$79,900

Prime East Peoria lot, multi-family zoning.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 0.78-acre lot, situated in East Peoria, Illinois (zip code 61611), presents a remarkable opportunity for developers. Currently zoned R-4 multi-family, this level, cleared parcel is ideally suited for a variety of residential projects, including apartments, duplexes, townhouses, or row houses. The seller is open to dividing a larger 3.76-acre parcel (05-05-10-300-015) into four individual lots, offering flexibility in acquisition size. While the exact lot dimensions may be subject to negotiation based on market conditions and availability at the time of offer, the approximate 0.78-acre size is a strong starting point. Conveniently located behind a Dollar General store, this property enjoys proximity to a grade school within a well-established neighborhood. Utilities are available at the street, although direct lot-line access needs verification by the buyer. The property's strategic location offers easy access to Interstate 74-474 and the East Peoria Levee District, placing it within a short commute of Morton, Peoria, Pekin, and Washington. Buyers are responsible for confirming the suitability of the property for their intended use. The asking price for this promising development site is $79,900. No formal address, legal description, or parcel ID has been assigned to the individual lot yet, only to the larger parcel to be subdivided.

Highlights

  • 0.78-acre level, cleared lot in East Peoria, IL (61611), zoned R-4 multi-family.
  • Suitable for apartments, duplexes, townhouses, or row houses.
  • Part of a larger 3.76-acre parcel (05-05-10-300-015) divisible into four lots.
  • Located near a Dollar General and grade school in an established neighborhood.
  • Utilities at street; buyer to verify lot-line access.
  • Convenient access to I-74/474 and East Peoria Levee District, near Morton, Peoria, Pekin, and Washington.

Location Insight

City
East Peoria
County
Tazewell
State
Illinois
Latitude
40.6915447
Longitude
-89.5861162
1 Briarbrook Dr, East Peoria, Illinois

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1 Briarbrook Dr
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