For Sale
$1,100,000

1512 Garfield AveBartonville, IL 61607

High-yield retail center, 9,014 SF

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional 9,014 square foot shopping center, built in 2007, presents a compelling investment opportunity at $1,100,000 with a 6.25% cap rate. Located at 1512 W Garfield Ave in Bartonville, Illinois (zip code 61607), this freestanding building sits on a 0.41-acre lot. Its strategic location benefits from proximity to major employers, including the Caterpillar corporate headquarters in nearby Peoria, and the Peoria National Guard base. The strong local demographics include a Bartonville population of 5,817 and a Peoria metro area population of 402,391, providing a substantial customer base. Convenient access to major highways such as I-474, IL Hwy 24, IL Hwy 116, and I-74 ensures excellent visibility and accessibility. This property offers a rare chance to acquire a well-situated, income-producing retail asset in a thriving market. The property's 2007 construction ensures modern amenities and efficient operation. This is an ideal investment for those seeking a stable, high-return retail property in a strategically advantageous location.

Highlights

  • 2007-built freestanding building.
  • Located near Caterpillar's Peoria headquarters.
  • Situated in Bartonville (population 5,817).
  • 0.41-acre lot.
  • Proximity to Peoria National Guard base.
  • Serves the Peoria metro area (population 402,391).

Property Details for 1512 Garfield Ave

Property type
Lifestyle centers, Power centers
Square Feet
9,014 SF
Year Built
2007
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Bartonville
County
Peoria
State
Illinois
Latitude
40.6444384
Longitude
-89.6776586
1512 Garfield Ave, Bartonville, Illinois

FAQs

What type of property is this?
Lifestyle center - High-yield retail center, 9,014 SF
Where is the lifestyle center located?
The property is located at 1512 Garfield Ave Bartonville, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2007-built freestanding building.; Located near Caterpillar's Peoria headquarters.; Situated in Bartonville (population 5,817).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1512 Garfield Ave
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