$105,000

0.594 acre, clear level lot, site ready for new construction on the corner of Grosenbach and Eastgate. This is the lot immediately behind the State Farm/Well Kneaded Massage building on the southwest corner of the intersection. With easy access from US Route-24 (on Boyd Parkway ~17,000 – 18,500 VPD traffic counts) this business subdivision includes a new dental practice, medical offices, a pre-school, and several other businesses that drive daily traffic. This parcel is located in an East Peoria Enterprise Zone that offers incentives on Property Tax Abatement: 100% property tax abatement on improvements to the site for five years after final inspections and Certificate of Occupancy; Sales Tax Exemption: State sales tax exemption on building materials purchased in Illinois and used in the zone; and Building Permit Fees: 50% waiver on city building permit fees. This parcel was recently split (from the State Farm/Massage building parcel) to make this a separate parcel and the new plat of survey is available on request.