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    2601 W Lake Ave Peoria, IL 61615

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    For Lease
    Contact for pricing

    Retail landmark with high visibility and strong market presence.

    Property size:
    12,503 SF
    Lot size:
    16.92 Acres

    Property Features for 2601 W Lake Ave

    General Information

    Size
    12,503 SF
    Lot size
    16.92 Acres

    Source: Mid-America Real Estate Group Agent Paige Schiesser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space in Peoria

    This retail property is situated in one of central Illinois' major shopping destinations, which has demonstrated increasing sales per square foot for over 45 years. The location offers high visibility, overlooking the only interstate highway in a metropolitan market of 401,767 people. A private electronic billboard displays high-definition images promoting tenants every 10 seconds to over 200,000 vehicles daily. The property includes the largest interlocking concrete paver parking lot in the United States, which comes with a 30-year warranty. Peoria is the second-largest metro market in the state and is home to five hospitals, the University of Illinois School of Medicine, major healthcare services, and biotech research centers. Over 400 retailers, including over 70 restaurants and 10 hotels, are located within one mile of the site. The available space is 12,503 square feet and suitable for shopping centers, retail properties, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Humana Insurance Company Don Sarff - Humana ... Health Insurance Agency Ross Dress for Less Clothing Store Buddy V's Cake ... Delivery Restaurant Five Guys Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Westlake Shopping Center, Pam Miller Designs, One Technology Plaza, Coin Cloud Bitcoin ATM, Northwoods Mall

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6341861
    Latitude
    40.7403135

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    FAQs

    What type of property is this?
    Shopping center - Retail landmark with high visibility and strong market presence.
    Where is this shopping center located?
    The property is located at 2601 W Lake Ave Peoria, IL.
    What are key features of this property?
    This property features: - Largest interlocking concrete paver parking lot in the U.S. with a 30-year warranty.; - Private electronic billboard promoting tenants to over 200,000 vehicles daily.; - Retail landmark overlooking the only interstate highway in a metropolitan market of 401,767 people.
    (630) 954-7300
    Request Owner's contact information
    2601 W Lake Ave Peoria, IL 61615
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    Peoria, IL 61615
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2601 W Lake Ave Peoria, IL 61615
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