Listing Agency: Mid-America Real Estate Group | Oakbrook Terrace p***@midamericagrp.com Show Phone

Listed By: Will Hayes Show Phone

Source: Moodyscre

Added: Jul 30, 2024 Changed: Jul 25 Last Checked: Jul 30 at 2:24PM

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Investment Insights

Based on property information with market context.

This retail space is located within a shopping center anchored by Schnucks, Sunrise Health Foods and Joann. The property provides ample on-site parking and an on-site management office, with a large digital pylon sign offering a prominent signage opportunity.

Positioned at one of Peoria’s busiest intersections, University Street and Glen Avenue are both full-access signalized entrances. University Street averages 20,000 cars per day, while Glen Avenue averages 13,500 cars per day traveling past the property. The center also benefits from a sizable nearby population, with more than 74,000 people within three miles and 150,000 within five miles.

The shopping center hosts community events, including the Peoria Farmers Market, with weekend programming featuring home-grown produce.

Key Highlights

• Retail at one of Peoria’s busiest intersections: University St & Glen Ave in the center of Peoria
• Full‑access, signalized entrances on both University St and Glen Ave
• Traffic counts include 20,000 cars/day on University St and 13,500 cars/day on Glen Ave

Property Analytics

Current Use

Jimmy John's Take-out & Catering Nick-N-Willy's Pizza Peoria Restaurant Roger G Burke ... (Bike/Boat/Book/etc) Store Rocky Mountain Chocolate ... Specialty Food Shop Mega Replay Peoria Arcade & Gaming Center

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Law Firm Auto Parts Store

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

Yes

Paved road access

NNN (Triple Net)

Lease Type

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,110

Businesses Nearby

334k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 38% Dining 35% Shops & Services 20% Apparel 4%

Hy-Vee Groceries

49,807 visits/mo 0.4 miles

Kroger Groceries

31,272 visits/mo 0.3 miles

Schnucks Groceries

27,814 visits/mo 0.2 miles

Chili's Grill & Bar Dining

25,059 visits/mo 0.3 miles

Culver's Dining

24,558 visits/mo 0.2 miles

Demographics for 61614, IL

27,119

Population

13,870

Households

2

Avg Household Size

41

Median Age

46%

College-Educated

97%

High-School Grad

12.0 sq mi

ZIP Area

2,260

Density / Sq Mi

$68,379

Median Household Income

$46,540

Median Earnings

$948

Median Rent

$169,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail space in a shopping center at busy University Street and Glen Avenue with signalized full-access entrances.

Where is this shopping center located?

The property is located at 4700 N University St Peoria, IL.

What is the lease rate?

The lease rate is $12 SF/Yr.

What are key features of this property?

This property features: Retail at one of Peoria’s busiest intersections: University St & Glen Ave in the center of Peoria; Full‑access, signalized entrances on both University St and Glen Ave; Traffic counts include 20,000 cars/day on University St and 13,500 cars/day on Glen Ave