Neighborhood Retail Center with Grocery
For Sale
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1205 W Garfield Ave, Bartonville, IL 61607
Neighborhood center anchored by a Kroger grocery, plus 19,854 SF of shop space currently 78% occupied.
Property Size61,678 SF
Days on Market143
Property Features for 1205 W Garfield Ave
General Information
Standard status
Active
Size
61,678 SF
Property subtype
Retail
Additional Details
Traffic Count
20,000 vehicles/day
Building Details
Year Renovated
2013
Tenancy
Multi
Listing Agency:
CBRE - Oak Brook
Listed By:
Christian Williams · License #IL 472.141577
Source:
Crexi
Added: Apr 10
Changed: Aug 14
Last Checked: Aug 14 at 7:41AM
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 CBRE - Oak Brook
Investment Insights
Based on property information with market context.
Bartonville Square is a neighborhood retail center totaling 61,678 square feet, anchored by a 41,824 square foot Kroger. The center also includes 19,854 square feet of shop space, which is currently 78% occupied. The property has been supported by long-term grocery tenancy, with the Kroger in occupancy since 1975 and reinvestment reported through additions including a fuel station and a store remodel in 2013.
The center is positioned on the north side of Bartonville’s major thoroughfare, Garfield Avenue, just east of the intersection with Airport Road and Garfield Avenue. The combined traffic counts at this intersection are over 20,000 vehicles per day. The property is also described as proximate to Peoria’s international airport and major employers including Keystone Steel & Wire and Caterpillar.
Kroger accounts for 55% of effective gross income. The shop space is highlighted as including a McDonald’s location with a significantly below-market ground lease, and the offering is presented as a stable grocery-anchored investment with in-place retail occupancy.
The center is positioned on the north side of Bartonville’s major thoroughfare, Garfield Avenue, just east of the intersection with Airport Road and Garfield Avenue. The combined traffic counts at this intersection are over 20,000 vehicles per day. The property is also described as proximate to Peoria’s international airport and major employers including Keystone Steel & Wire and Caterpillar.
Kroger accounts for 55% of effective gross income. The shop space is highlighted as including a McDonald’s location with a significantly below-market ground lease, and the offering is presented as a stable grocery-anchored investment with in-place retail occupancy.
Key Highlights
- 61,678 SF neighborhood center in Bartonville, IL, anchored by a 41,824 SF Kroger.
- Kroger has been in occupancy since 1975 and has reinvested, including adding a fuel station and remodeling in 2013.
- Kroger gross sales exceeded $25 million in 2017 ($602 PSF) and had a cost of occupancy of only 1%.
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 43%
Starbucks
Dining
10,423 visits/mo
0.3 miles
Shell
Shops & Services
9,477 visits/mo
0.2 miles
Dollar Tree
Shops & Services
7,855 visits/mo
0.3 miles
SUBWAY
Dining
6,306 visits/mo
0.3 miles
Jimmy John's
Dining
3,440 visits/mo
0.2 miles
Demographics for 61607, IL
10,353
Population
4,887
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
96%
High-School Grad
33.6 sq mi
ZIP Area
308
Density / Sq Mi
$75,845
Median Household Income
$51,691
Median Earnings
$1,014
Median Rent
$155,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Dr.Dong — 900 Main St, Peoria, IL 61602
- Campustown Shopping Center — 1200 W Main St, Peoria, IL 61606
Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood center anchored by a Kroger grocery, plus 19,854 SF of shop space currently 78% occupied.
Where is this shopping center located?
The property is located at 1205 W Garfield Ave Bartonville, IL.
What are key features of this property?
This property features: 61,678 SF neighborhood center in Bartonville, IL, anchored by a 41,824 SF Kroger.; Kroger has been in occupancy since 1975 and has reinvested, including adding a fuel station and remodeling in 2013.; Kroger gross sales exceeded $25 million in 2017 ($602 PSF) and had a cost of occupancy of only 1%.
