Multi-Tenant Retail
2004 Knoxville Ave Peoria, IL 61603
For Sale
Contact for pricing
Knoxville Plaza is a multi-tenant retail center with strong interstate access and recent roof and HVAC improvements.
Days on Market108
Property Features for 2004 Knoxville Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 12
Changed: Jul 23
Last Checked: Jul 23 at 2:05PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Knoxville Plaza is a multi-tenant retail center totaling 23,856 square feet, situated on approximately 1.42 acres. The property is offered with 100% occupancy and is anchored by Arona Home Essentials, Rent-a-Center, Fitness 1440, and US Cellular. Retail tenants include a mix of concepts across multiple spaces, with additional interior space used for storage at the US Cellular location.
The center provides direct and immediate on- and off-ramp access to Interstate 74 via Knoxville Avenue. Nearby retailers within a quarter-mile include Starbucks, McDonald’s, Dunkin, Burger King, Popeyes, Taco Bell, and Long John Silver’s, and OSF Saint Francis Medical Center is within walking distance. Ownership also benefits from a parking area that has been resealed and restriped, with LED bulbs installed.
Recent capital improvements include a new roof installed in December 2022 with a 20-year transferable roof warranty. Fitness 1440 received two new HVAC units in April 2023, and Rent-A-Center also received a new HVAC unit. The property is currently supported by lease terms extending at least through 2027 for the majority of gross leasable area, with triple net leases in place for 88% of the gross leasable area.
The center provides direct and immediate on- and off-ramp access to Interstate 74 via Knoxville Avenue. Nearby retailers within a quarter-mile include Starbucks, McDonald’s, Dunkin, Burger King, Popeyes, Taco Bell, and Long John Silver’s, and OSF Saint Francis Medical Center is within walking distance. Ownership also benefits from a parking area that has been resealed and restriped, with LED bulbs installed.
Recent capital improvements include a new roof installed in December 2022 with a 20-year transferable roof warranty. Fitness 1440 received two new HVAC units in April 2023, and Rent-A-Center also received a new HVAC unit. The property is currently supported by lease terms extending at least through 2027 for the majority of gross leasable area, with triple net leases in place for 88% of the gross leasable area.
Key Highlights
- 23,856 SF multi‑tenant retail center on ~1.42 acres, currently 100% occupied and anchored by Arona Home Essentials, Rent‑a‑Center, Fitness 1440, and US Cellular
- Direct on/off ramp access to I‑74 with more than 50,000 cars per day at the Knoxville Avenue exit
- Over 97% of the gross leasable area leased until at least 2027; triple‑net leases in place for 88% of GLAs
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Shopping center - Knoxville Plaza is a multi-tenant retail center with strong interstate access and recent roof and HVAC improvements.
Where is this shopping center located?
The property is located at 2004 Knoxville Ave Peoria, IL.
What are key features of this property?
This property features: 23,856 SF multi‑tenant retail center on ~1.42 acres, currently 100% occupied and anchored by Arona Home Essentials, Rent‑a‑Center, Fitness 1440, and US Cellular; Direct on/off ramp access to I‑74 with more than 50,000 cars per day at the Knoxville Avenue exit; Over 97% of the gross leasable area leased until at least 2027; triple‑net leases in place for 88% of GLAs
