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    714 W Lake Ave Peoria, IL 61616

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    For Lease
    Contact for pricing

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

    Property size:
    6,600 SF
    Lot size:
    18.94 Acres

    Property Features for 714 W Lake Ave

    General Information

    Size
    6,600 SF
    Lot size
    18.94 Acres

    Source: Broad Reach Retail Partners, LLC Agent Gary Block

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

    Overview

    Grocery-Anchored Shopping Center Space

    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.
    Location Intelligence

    Current Use by Public Records

    Sweet Basil Cafe ... Restaurant AAZ DryerVent & Chimney ... Chimney Sweep

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

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    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.5830766
    Latitude
    40.7388117

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    FAQs

    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
    (443) 890-1538
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    714 W Lake Ave Peoria, IL 61616
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    Peoria, IL 61616
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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
    714 W Lake Ave Peoria, IL 61616
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