Building Details

Tenancy Multi

Listing Agency: Maloof Commercial Show Phone

Listed By: Dan Maloof · License ##475.122647 Show Phone

Source: Moodyscre

Added: Apr 15, 2025 Changed: Sep 8 Last Checked: Sep 13 at 10:14AM

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Investment Insights

Based on property information with market context.

This retail strip shopping center totals 23,856 square feet and is anchored by Rent-A-Center and Arona Home Essentials. Tenants have early lease extensions, supporting ongoing stability for the property’s retail mix.

2004-2010 N Knoxville Ave, Peoria, IL 61603 provides additional revenue opportunity through REA associated with an adjacent owner. The property has seen several recent capital improvements aimed at durability and day-to-day operations, including a new roof installed in 12/2022 with a 20-year transferable warranty.

Operational and exterior upgrades include a newly re-sealed parking lot with updated striping completed in spring 2023, three new HVAC systems installed in 2023, and all new LED bulbs in the parking lot.

Key Highlights

• 23,856 SF retail strip center
• Anchored by Rent‑A‑Center and Arona Home Essentials
• New roof 12/2022 with 20‑year transferable warranty

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Auto Parts Store HVAC Service Nail Salon Kitchen & Bath Showroom

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

937

Businesses Nearby

112k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 74% Shops & Services 24% Home Improvements & Furnishings 1% Electronics 1%

McDonald's Dining

24,776 visits/mo 0.2 miles

Taco Bell Dining

14,276 visits/mo 0.2 miles

Starbucks Dining

11,112 visits/mo 0.4 miles

Shell Shops & Services

10,435 visits/mo 0.1 miles

Dunkin' Donuts Dining

9,010 visits/mo 0.4 miles

Demographics for 61603, IL

15,503

Population

8,291

Households

1.9

Avg Household Size

33

Median Age

15%

College-Educated

87%

High-School Grad

4.2 sq mi

ZIP Area

3,691

Density / Sq Mi

$40,405

Median Household Income

$29,084

Median Earnings

$976

Median Rent

$73,100

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 asking price? 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 - Anchored by Rent-A-Center and Arona Home Essentials with early lease extensions from tenants.

Where is this shopping center located?

The property is located at 2004-2010 N Knoxville Ave Peoria, IL.

What is the asking price?

The asking price for this property is $2,660,000.

What are key features of this property?

This property features: 23,856 SF retail strip center; Anchored by Rent‑A‑Center and Arona Home Essentials; New roof 12/2022 with 20‑year transferable warranty