Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7700-7730 N Grand Prairie Dr Peoria, IL 61615

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and office suites for lease in Peoria, Illinois.

    Property size:
    2,500 SF
    Lot size:
    2.42 Acres

    Property Features for 7700-7730 N Grand Prairie Dr

    General Information

    Size
    2,500 SF
    Lot size
    2.42 Acres

    We can help!

    Listing Contact
    Dan Maloof
    Source: Moodyscre

    Listing Agent: Dan Maloof

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

    Learn more

    Overview

    Retail and Office Suites Available

    Located in the Shoppes at Grand Prairie Shopping Center, this property offers a variety of retail, office, restaurant, and hospitality destinations. Shoppes West provides surface parking and a tenant mix of office and retail spaces. Storefront office and retail suites are available, with spaces up to 5,963 square feet. The property includes a former hair salon, a former veterinary clinic, a former bank, and several general retail spaces. On-site parking provides easy access to the spaces. The location offers visibility and traffic.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Gym & Fitness Center Nail Salon Pharmacy

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

    Similar Places Nearby

    The Shoppes at Grand Prairie

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.675215
    Latitude
    40.781419

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      IL, Peoria - Main St

      Discover many ways to work your way in IL, Peoria - Main St
      416 Main St, Peoria, IL 61602
      View Details
    • Contact for pricing
      30,492 SF

      Office Space in Peoria, IL

      Office space available for rent in Peoria, Illinois.
      2420 W Nebraska Ave, Peoria, IL 61604
      View Details
    • Contact for pricing
      43,560 SF

      Peoria Office Space For Rent

      2,525 SF office space with excellent accessibility and visibility.
      1820 N Sterling Ave, Peoria, IL 61604
      View Details
    • Contact for pricing

      Aircraft Hangar at Peoria Airport

      Premier aircraft hangar, maintenance, and office facility for lease.
      7022 West Middle Rd, Peoria, IL 61607
      View Details
    • Contact for pricing
      4,586 SF

      Retail Spaces in High-Traffic Area

      Retail spaces available in a high-traffic Peoria location.
      4722-4810 N Sheridan Rd, Peoria, IL 61614
      View Details
    • New
      Contact for pricing

      Office/Warehouse Suite in Prairie Pointe

      Functional office/warehouse suite in a growing commercial corridor.
      8923 N Prairie Pointe Rd, Peoria, IL 61615
      View Details
    • Contact for pricing

      Retail Space in Peoria Corridor

      High-visibility retail space in a strong Peoria retail corridor.
      5212 N Big Hollow Rd, Peoria, IL 61615
      View Details
    • Contact for pricing
      1,488 SF

      Main Street Office Space Available

      Office suites available on Main Street near medical facilities.
      711-719 Main St, Peoria, IL 61611
      View Details
    • New
      Contact for pricing

      Mixed-Use Property in Warehouse District

      20,112 SF mixed-use property near downtown Peoria entertainment.
      906 SW Adams St, Peoria, IL 61602
      View Details
    • Contact for pricing
      5,600 SF

      Peoria Retail Space For Lease

      Retail spaces available in Peoria's Metro Centre shopping center.
      4700 N University St, Peoria, IL 61614
      View Details
    • Contact for pricing

      Turn-Key Restaurant Ready For Rent

      Fully equipped restaurant space with high visibility and ample amenities.
      1810 W War Memorial Dr, Peoria, IL 61614
      View Details
    • Contact for pricing
      22,736 SF

      Downtown Peoria Office Space Available

      22,736 SF office space for lease in downtown Peoria.
      601-605 NE Jefferson Ave, Peoria, IL 61605
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail and office suites for lease in Peoria, Illinois.
    Where is this shopping center located?
    The property is located at 7700-7730 N Grand Prairie Dr Peoria, IL.
    What are key features of this property?
    This property features: - Great location in the Shoppes at Grand Prairie Shopping Center.; - On-site parking for easy access.; - Suites available up to 5,963 sf.
    (309) 693-3000 Call to check price and availability
    Request Owner's contact information
    7700-7730 N Grand Prairie Dr Peoria, IL 61615
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7700-7730 N Grand Prairie Dr
    Peoria, IL 61615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7700-7730 N Grand Prairie Dr Peoria, IL 61615
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dan Maloof
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!