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: Jul 24 Changed: Jul 28 Last Checked: Jul 29 at 4:06PM

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Investment Insights

Based on property information with market context.

Retail space is available for lease at a strip center on Pioneer Parkway in North Peoria, with three available suites ranging in size from 1,172 to 2,980 square feet. Suite 101 is a former salon space with existing plumbing setup. Suite 117 is a former salon product wholesale distribution store featuring a split entryway with one area for product and another for educational classes. Suite 121 is a former boutique grocery store with an existing walk-in cooler still in place. Suite 133, most recently set up as a bar, can be remodeled to a tenant’s needs.

The center is located on Pioneer Parkway with reported traffic of 16,300 cars per day. Existing tenants include Pizza Hut, Olympia Bar & Grill, Jenin Village (Mediterranean restaurant), and Cosmo Prof. Lease incentives are offered: 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 ranging from 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 an 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

$2.03 /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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Strip mall - Retail strip center offers multiple suites for lease, including a unit with an existing walk-in cooler in place.

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 $13.50 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 ranging from 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 an existing walk‑in cooler still in place