W. Lake Street, Peoria, IL, 61615

W. Lake Street Peoria, IL 61615

W. Lake Street, Peoria, IL, 61615
W. Lake Street, Peoria, IL, 61615 W. Lake Street, Peoria, IL, 61615
FOR SALE
Property Type:
Commercial Land Development
Amount:
$320,000
Last Verified:
Nov 08, 2023

Highlights

  • 1.67 Acres vacant land
  • Zoned C1 (General Commercial)
  • Visible from I-74
  • Surrounded by dense residential neighborhoods
  • Great for development

Description

Vacant lot located near Westlake Shopping Center.

Located directly behind Westlake Shopping Center

Lot Size: 1.67 acres


Documents

Lake St. 1.67 Acres

Map of W. Lake Street, Peoria, IL, 61615

Presented by:
Maloof Commercial Real Estate Company

Request additional information
Madison Maloof


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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.