Listing Agency: Broad Reach Retail Partners, LLC Show Phone

Listed By: Gary Block Show Phone

Source: Moodyscre

Added: Apr 1, 2025 Changed: Jul 10 Last Checked: Jul 21 at 4:57AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Broad Reach Retail Partners, LLC

Investment Insights

Based on property information with market context.

This 150,000 square foot shopping center is anchored by a high-volume grocery store. The property benefits from strong traffic counts, with over 21,000 cars per day. The average household income in the area is approximately $85,000. The shopping center provides over 1,100 parking spaces. A new parking surface was completed in 2024, and the facade was renovated in 2020. Available space is approximately 6,600 square feet.

Key Highlights

• High‑volume grocery‑anchored shopping center
• Strong traffic counts (21,000+ cars/day)
• Average household income: ~$85,000

Property Analytics

Property Profile

Current Use

Sweet Basil Cafe ... Restaurant AAZ DryerVent & Chimney ... General Contractor

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Daycare Center Electrical Service Garden Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

949

Businesses Nearby

156k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 54% Shops & Services 36% Dining 6% Apparel 2%

Hy-Vee Groceries

49,807 visits/mo 0.2 miles

Kroger Groceries

31,272 visits/mo 0.2 miles

CEFCU Shops & Services

16,853 visits/mo 0.3 miles

Jo-Ann Fabric and Craft Shops & Services

14,997 visits/mo 0.5 miles

Dollar Tree Shops & Services

12,395 visits/mo 0.3 miles

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail space in high-traffic, grocery-anchored shopping center.

Where is this shopping center located?

The property is located at 714 W Lake Ave Peoria, IL.

What are key features of this property?

This property features: High‑volume grocery‑anchored shopping center; Strong traffic counts (21,000+ cars/day); Average household income: ~$85,000