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Retail Space with Overhead Door

3029 N STERLING Avenue, Peoria, IL 61604

For Lease
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Commercial Lease, Peoria, IL

Space Size3,500 SF
Days on Market62

Property Features for 3029 N STERLING Avenue

General Information

Property type Commercial Lease
Property subtype Other
Zoning C2
Directions Forrest Hill and Sterling
Standard status Active
APN 14-31-131-005

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 59563

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air

Amenities

overhead door

Building Details

Floors in Building 1
Flooring type Concrete
Building materials Brick, Glass, Block, Steel Frame
Roof type Tar/Gravel
Listing Agency: Oakwood Real Estate
Listed By: Mark Rosenberg · License IL #471012524
Added: Sep 9 Changed: Oct 25 Last Checked: Nov 9 at 10:06AM
MLS# PA1270034

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This retail space in a shopping center offers approximately 3,500 square feet, a concrete floor, and an overhead door. Construction includes brick, glass, block, and a steel frame. The building has forced-air, natural-gas heat and central air conditioning, with a tar-and-gravel roof. The property is zoned C2 and served by public sewer.

At 3029 N Sterling Avenue in Peoria, the site has a stated daily traffic count of 20,000 vehicles. The former retail configuration and overhead door are among the space’s practical physical features.

Key Highlights

  • Approximately 3,500 square feet of retail space
  • Overhead door and concrete flooring
  • Reported traffic count of 20,000 vehicles per day

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Wardcliffe Shopping Center Shopping Center & Mall Double A's Bargain ... Clothing Store Francis Car Injury ... Department Of Transportation

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Big Box & Wholesale Store 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

20,000 VPD
Traffic count
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.54 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

243
Businesses Nearby
75k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 38% Dining 29% Shops & Services 25% Electronics 8%
Kroger Groceries
28,464 visits/mo 0.3 miles
Taco Bell Dining
15,839 visits/mo 0.1 miles
Kroger Fuel Center Shops & Services
10,063 visits/mo 0.3 miles
Dollar General Shops & Services
7,084 visits/mo 0.4 miles
Little Caesars Pizza Dining
5,949 visits/mo 0.1 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Peoria, IL

$13.29 /SF/Yr
Avg Asking Price
$5.75–$25 /SF/Yr
Price Range
5,368 SF
Avg Space Size

This space is priced 23% below the average of $13.29 /SF/Yr.

Properties on Market for Retail space in Peoria

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - A former retail layout with an overhead door offers flexibility for commercial occupancy.
Where is this retail space located?
The property is located at 3029 N STERLING Avenue Peoria, IL.
What are key features of this property?
This property features: Approximately 3,500 square feet of retail space; Overhead door and concrete flooring; Reported traffic count of 20,000 vehicles per day
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