Building Details

Tenancy Multi

Listing Agency: Joseph & Camper Commercial j***@maloofcom.com Show Phone

Listed By: Will Hayes · License #475164113 Show Phone

Source: Moodyscre

Added: Sep 30, 2022 Changed: Jul 26 Last Checked: Jul 29 at 4:08PM

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Investment Insights

Based on property information with market context.

Retail space is available for lease on Pioneer Parkway in North Peoria, with multiple suites offering varied layouts and buildout features. Suite 101 is a former salon space with existing plumbing set up (2,980 SF). Suite 117 was previously configured as a salon product wholesale distribution store, including a split entryway with one area for product and another for educational classes (3,500 SF). Suite 121 is a former boutique grocery store with an existing walk-in cooler still in place (1,172 SF). Suite 133 was most recently set up as a bar and can be remodeled to meet tenant needs (2,400 SF).

The center has existing tenants including Pizza Hut, Olympia Bar & Grill, Jenin Village (Mediterranean restaurant), and Cosmo Prof. The property is positioned on Pioneer Parkway with reported traffic of 16,300 cars per day. Leasing incentives include 3 months free for any 3-year lease and 5 months free for any 5-year lease, signed by June 1, 2023.

Key Highlights

• Retail space for lease on Pioneer Parkway in North Peoria with three available suites totaling 1,172 SF to 2,980 SF
• Suite 101: 2,980 SF former salon space with existing plumbing set up
• Suite 121: 1,172 SF former boutique grocery store with existing walk‑in cooler still in place

Property Analytics

Current Use

Jenin Village Restaurant Restaurant CosmoProf (Bike/Boat/Book/etc) Store Plus Sports (Bike/Boat/Book/etc) Store Pizza Hut Take-out & Catering Salon Haven formerly ... Hair Salon

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Parking Lot & Garage Grocery & Convenience Store Electrical Service Hotel & Motel

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

16,300 VPD

Traffic count

Multi-tenant

Tenancy

NNN (Triple Net)

Lease Type

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,387

Businesses Nearby

66k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 69% Apparel 16% Shops & Services 13% Home Improvements & Furnishings 2%

McDonald's Dining

31,964 visits/mo 0.5 miles

Starbucks Dining

11,751 visits/mo 0.5 miles

Goodwill Apparel

10,626 visits/mo 0.1 miles

Sam Leman Chrysler, Dodge, Jeep, Ram of Peoria Shops & Services

2,668 visits/mo 0.4 miles

American Automobile Association (AAA) Shops & Services

2,412 visits/mo 0.5 miles

Demographics for 61615, IL

24,314

Population

11,334

Households

2.1

Avg Household Size

38

Median Age

53%

College-Educated

98%

High-School Grad

29.6 sq mi

ZIP Area

821

Density / Sq Mi

$82,157

Median Household Income

$50,165

Median Earnings

$1,079

Median Rent

$206,800

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

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Frequently Asked Questions

What type of property is this?

Strip mall - Available retail suites in North Peoria with configurations including existing plumbing, a walk-in cooler, and flexible buildout.

Where is this strip mall located?

The property is located at 1301 W Pioneer Pkwy 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 space for lease on Pioneer Parkway in North Peoria with three available suites totaling 1,172 SF to 2,980 SF; Suite 101: 2,980 SF former salon space with existing plumbing set up; Suite 121: 1,172 SF former boutique grocery store with existing walk‑in cooler still in place