11610 N Knoxville Ave 11.74 Acres of Commercial Land Offered at $850,000 in Dunlap, IL 61525

Positioned at the high-visibility corner of Route 40 and Hickory Grove Road in Dunlap, Illinois, this 11.74-acre commercial land offering presents a rare opportunity for developers and investors seeking a strategic location with built-in income. Comprising two parcels—9.80 acres zoned C2 and 1.94 acres zoned A2—the site benefits from a signalized intersection and traffic counts exceeding 11,100 vehicles per day, ensuring strong exposure for future development.
The property is just two miles from Route 6, offering seamless regional connectivity and access to Peoria’s growing commercial and residential corridors. A preliminary plat is already available, streamlining the path to development. Additionally, a long-standing lease with Adams Outdoor has been in place since 2002, generating consistent income from the billboard onsite—an attractive feature for buyers seeking immediate cash flow.
Surrounding amenities include major retailers such as Walmart, ALDI, Menards, and Kroger, along with fitness centers, restaurants, and service businesses, reinforcing the site’s appeal for mixed-use, retail, or service-oriented development. The area is supported by strong residential density and proximity to Prairie Lakes Apartments and Lake of the Woods Estates, enhancing the viability of future commercial uses.
This offering is ideal for developers looking to capitalize on a well-located, income-generating site with flexible zoning and strong market fundamentals.