For Sale
$2,950,000

8917 Allen RdPeoria, IL 61615

Prime Peoria retail plaza, strong tenant mix.

Overview

Added:
Dec 11, 2024
Days on market:
119
This 6,700 square foot shopping center in Peoria, Illinois, presents a compelling investment opportunity. Located at 8917 N Allen Rd, 61615, this 2017-built property boasts a diverse tenant mix, currently 60% occupied. Key tenants include AT&T, VIP Vapes, and a Covid Testing Center, ensuring a stable income stream. A vacant 4,731 square foot space with a drive-thru is available, offering significant potential for increased revenue. The property benefits from a high-visibility location near Walmart and major highways, ensuring excellent traffic and accessibility. Its proximity to The Shoppes at Grand Prairie, WeaverRidge Golf Club, and the Peoria Civic Center further enhances its appeal. The surrounding area features above-average household incomes and a diverse demographic mix, creating a strong customer base. This well-situated property offers a flexible investment opportunity with substantial growth potential in a dynamic commercial area. The asking price is $2,950,000. The property is for sale by owner.

Highlights

  • National and specialty tenants, including AT&T, provide stable cash flow and growth potential.
  • High-traffic location with excellent visibility on a major arterial road and outparcel position.
  • Proximity to The Shoppes at Grand Prairie, Walmart, WeaverRidge Golf Club, and Peoria Civic Center drives traffic.
  • Densely populated area with above-average household incomes.
  • Diverse age demographics support a wide range of businesses.
  • Currently 60% leased, anchored by AT&T, VIP Vapes, and Apex Health.

Property Details for 8917 Allen Rd

Property type
Lifestyle centers, Power centers
Square Feet
6,700 SF
Year Built
2017

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.7962532
Longitude
-89.6315076
8917 Allen Rd, Peoria, Illinois

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8917 Allen Rd
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