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Storefront Space with Electric Sign
For Lease
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1314 W Forrest Hill Avenue, Peoria, IL 61604

C1-zoned space offers existing offices and a layout that can be opened up for a more flexible arrangement.

Space Size1,000 SF
Property Size3,000 SF
Days on Market1137

Property Features for 1314 W Forrest Hill Avenue

General Information

Standard status Active
Size 1,000 SF
Net Rentable 1,000 SF
Zoning C1
Lease Type Gross

Space & Availability

Available Space 1,000 SF
Contiguous Space 1,000 SF

Taxes and HOA fees

Annual Taxes $6,230

Amenities

electric sign

Building Details

Building Size 3,000 SF
Buildings 1
Tenancy Multi
Listing Agency: Oakwood Real Estate
Listed By: Mark Rosenberg · License #471012524
Source: Shawneehillsrealestate
Added: Jul 11, 2023 Changed: Aug 20 Last Checked: Aug 20 at 8:15AM

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 Oakwood Real Estate

Investment Insights

Based on property information with market context.

Available for lease, this 1,000-square-foot storefront is configured with several offices and can be reworked into a more open layout because the space has no retaining walls. A large electric sign is available for business identification.

The property is at 1314 W Forrest Hill Avenue in Peoria, across from AutoZone and near a heavily traveled intersection. A beauty salon and gadget store occupy neighboring spaces, providing an established retail setting for the storefront.

Key Highlights

  • 1,000 square feet of storefront space
  • C1 zoning
  • Existing office configuration with no retaining walls

Property Analytics

Current Use

Blck & Blu Tattoo ... Department Store

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom HVAC Service Building Supply Spa & Massage Center

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
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

537
Businesses Nearby
208k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 33% Superstores 29% Dining 19% Groceries 12%
Walmart Superstores
60,211 visits/mo 0.3 miles
Hobby Lobby Shops & Services
45,335 visits/mo 0.4 miles
Aldi Groceries
24,218 visits/mo 0.4 miles
Steak 'n Shake Dining
12,416 visits/mo 0.2 miles
Dunkin' Donuts Dining
8,735 visits/mo 0.4 miles

Demographics for 61604, IL

29,344
Population
13,341
Households
2.2
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
1,931
Density / Sq Mi
$50,628
Median Household Income
$34,577
Median Earnings
$904
Median Rent
$100,000
Median Home Value

Market

Lease Benchmarks for Peoria, IL

$16 /SF/Yr
Avg Asking Price
$10–$22 /SF/Yr
Price Range
2,155 SF
Avg Space Size

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?
Storefront property - C1-zoned space offers existing offices and a layout that can be opened up for a more flexible arrangement.
Where is this storefront property located?
The property is located at 1314 W Forrest Hill Avenue Peoria, IL.
What are key features of this property?
This property features: 1,000 square feet of storefront space; C1 zoning; Existing office configuration with no retaining walls
More about this property
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