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Strip Mall Retail Space with Restaurant Buildout
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1631 N Broadway Street, Pekin, IL 61554

Retail space in a Kroger strip center with existing restaurant buildout and visibility from Broadway Street.

Property Size1,600 SF
Days on Market154

Property Features for 1631 N Broadway Street

General Information

Standard status Active
Size 1,600 SF
Lease Type NNN

Lease Terms

Lease Rate $17 /USD/SF/YR
Rent per SF/Year $17

Additional Details

Space Use Retail
Anchor Co-Tenants Kroger

Building Details

Building Size 30,215 SF
Year Built 1998
Tenancy Multi
Listing Agency: Freedom Realty
Listed By: Jared Litwiller · License #475155972
Source: Craggsrealtors
Added: Feb 26 Changed: Jul 30 Last Checked: Jul 30 at 10:07PM

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 Freedom Realty

Investment Insights

Based on property information with market context.

This strip mall retail space is located within a popular Kroger strip center and is well-suited for restaurant users, with an existing restaurant buildout from a previous Jimmy Johns tenant. The space is approximately 1,600 SF and was built in 1998.

The location offers visibility on Broadway Street with high traffic exposure. The property is described as being north from Downtown and Court Street, providing straightforward local access for customers.

The offering is for lease on a triple net (NNN) basis.

Key Highlights

  • Approx. 1,600 SF retail space in a Kroger strip center
  • Existing restaurant buildout from a previous Jimmy Johns tenant
  • Built in 1998

Property Analytics

Current Use

Vibe Pekin Cafe & Coffee Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Daycare Center Electrical Service

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

592
Businesses Nearby
125k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 46% Dining 33% Shops & Services 21% Beauty & Spa 1%
Kroger Groceries
36,749 visits/mo 0.1 miles
McDonald's Dining
26,705 visits/mo 0.4 miles
Schnucks Groceries
20,437 visits/mo 0.4 miles
Kroger Fuel Center Shops & Services
12,795 visits/mo 0.0 miles
Arby's Dining
9,943 visits/mo 0.3 miles

Demographics for 61554, IL

40,854
Population
18,788
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
73.8 sq mi
ZIP Area
554
Density / Sq Mi
$62,484
Median Household Income
$41,718
Median Earnings
$814
Median Rent
$123,500
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 - Retail space in a Kroger strip center with existing restaurant buildout and visibility from Broadway Street.
Where is this strip mall located?
The property is located at 1631 N Broadway Street Pekin, IL.
What are key features of this property?
This property features: Approx. 1,600 SF retail space in a Kroger strip center; Existing restaurant buildout from a previous Jimmy Johns tenant; Built in 1998
More about this property
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