1512 Garfield AveBartonville, IL 61607

Property Details for 1512 Garfield Ave

Lot size

0.41 AC

Property type

Commercial real estate

APN

17-26-308-021

APU

1726308021

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $5,469,305

  Hospitality

  $5,009,854

  Educational

  $4,168,140

  Medical

  $4,311,488

  Retail

  $6,483,773

Location Insight

City

Bartonville

County

Peoria

State

Illinois

Latitude

40.6444

Longitude

-89.6777

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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