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Flexible Retail Space
For Lease
$25 SF/Yr

8809 N Allen Rd, Peoria, IL 61615

Open-plan commercial space can be configured for retail or office use.

Space Size1,684 SF - 3,500 SF
Property Size5,184 SF
Days on Market54

Property Features for 8809 N Allen Rd

General Information

Standard status Active
Size 1,684 SF - 3,500 SF
Net Rentable 3,500 SF
Property subtype Retail
Lease Term NNN $6.12 psf

Space & Availability

Contiguous Space 3,500 SF
Divisible Yes
Space Use Retail

Site & Location

Anchor Co-Tenants Walmart Supercenter
Highway Access Yes

Building Details

Building Size 5,184 SF

Spaces For Lease

at 8809 N Allen Rd Contact us

8809 N. Allen Road $25/SF/Yr

Size 3,500 SF
Term Negotiable
Contact us

8811 N. Allen Road $25/SF/Yr

Size 1,684 SF
Type Hair Salon
Term Negotiable
Contact us
Listing Agency: Maloof Commercial
Listed By: Zac Maloof · License #IL #475.139281
Source: Maloofcom
Added: Aug 13 Changed: Oct 3 Last Checked: Oct 4 at 7:45AM

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 Maloof Commercial

Investment Insights

Based on property information with market context.

This 3,500-square-foot retail space offers an open interior that was previously arranged for wireless sales. The layout can be reconfigured or divided, providing flexibility for retail or office concepts without relying on a fixed suite plan.

The property occupies an outlot position next to a Walmart Supercenter, with access to the commercial activity along the corridor. It is south of IL Rt. 6 and connects conveniently toward I-74, supporting regional accessibility for customers, employees, and visitors.

Key Highlights

  • 3,500 square feet of retail space
  • Open interior previously arranged for wireless sales
  • Layout can be divided for retail or office concepts

Property Analytics

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Current Use

UScellular Mobile Phone Store

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Carpet & Flooring Store Cafe & Coffee Shop

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
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

536
Businesses Nearby
260k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 47% Home Improvements & Furnishings 19% Shops & Services 14% Groceries 10%
Walmart Superstores
121,672 visits/mo 0.2 miles
Menards Home Improvements & Furnishings
49,413 visits/mo 0.4 miles
Shell Shops & Services
25,949 visits/mo 0.3 miles
Aldi Groceries
25,191 visits/mo 0.4 miles
Arby's Dining
8,574 visits/mo 0.2 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Peoria, IL

$13.29 /SF/Yr
Avg Asking Price
$5.75–$25 /SF/Yr
Price Range
9,226 SF
Avg Space Size

This space is priced 88% above the average of $13.29 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Open-plan commercial space can be configured for retail or office use.
Where is this retail space located?
The property is located at 8809 N Allen Rd Peoria, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 3,500 square feet of retail space; Open interior previously arranged for wireless sales; Layout can be divided for retail or office concepts
More about this property
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