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    5038-5040 N Big Hollow Rd Peoria, IL 61615

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    For Lease
    $40 SF/Yr ($13,333 /Mo)

    4,000 sq ft retail space for lease.

    Property size:
    4,000 SF
    Lot size:
    1.08 Acres

    Property Features for 5038-5040 N Big Hollow Rd

    General Information

    Size
    4,000 SF
    Lot size
    1.08 Acres

    Source: Joseph & Camper Commercial Agent Brad Joseph

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

    Overview

    Retail Space at Busiest Intersection

    A 4,000 sq ft retail space is available for lease. The property is situated at the intersection of War Memorial, Glen, and Big Hollow in Peoria, with a traffic count of up to 49,950 cars per day. It is located between West Lake, Northwoods Mall, and Glen Hollow shopping centers. Anchor tenants in the vicinity include Target, Lowe’s Home Improvement, Petsmart, Barnes & Noble, TJ Maxx, and Best Buy. The space is currently occupied, but the landlord can recapture it with 60 days' notice.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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

    The Wink House, Willow Knolls Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.634232
    Latitude
    40.7500359

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    FAQs

    What type of property is this?
    Shopping center - 4,000 sq ft retail space for lease.
    Where is this shopping center located?
    The property is located at 5038-5040 N Big Hollow Rd Peoria, IL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: - Located at Peoria’s busiest intersection at War Memorial, Glen and Big Hollow with up to 49,950 CPD.; - **4,000 sq ft space available for lease.**; - Located between West Lake, Northwoods Mall and Glen Hollow shopping centers.
    (309) 643-0717
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    5038-5040 N Big Hollow Rd 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
    5038-5040 N Big Hollow Rd Peoria, IL 61615
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