3414 N Prospect Rd, Peoria, IL 61603

Spaces For Lease

at 3414 N Prospect Rd

3414 N Prospect Rd $10/SF/Yr

Floor 1

Size 5,782 SF

Type RETAIL

Lease Type NNN

Availability AVAILABLE, Now

Sublease No

-Freestanding highly visible retail/warehouse building on busy Prospect Road! -Front retail space is air conditioned and approximately 2,242 SF. -Rear warehouse features a 10’ overhead drive-in door, a -6’ double door, and three rear entrances. -Built-in warehouse ventilation system. -Two ADA compliant restrooms in warehouse. -Ample parking on a corner lot. -Streetside sign pylon for additional visibility. -Space is divisible.

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Listing Agency: Joseph & Camper Commercial Show Phone

Listed By: Will Hayes · License #475122056 Show Phone

Source: Moodyscre

Added: Aug 5 Changed: Nov 4 Last Checked: Nov 8 at 5:37AM

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Investment Insights

Based on property information with market context.

This freestanding flex space contains 5,782 SF across a customer-facing retail area and rear warehouse. The front portion includes approximately 2,242 SF of air-conditioned space, while the warehouse is configured for practical loading and work operations. Access features include a 10’ overhead drive-in door, a -6’ double door, and three additional rear entrances. Built-in ventilation and two ADA-compliant restrooms serve the warehouse area.

The property occupies a corner lot on N Prospect Rd in Peoria, with on-site parking and a streetside sign pylon. The layout can be divided, providing flexibility for users seeking a combination of retail and warehouse space or a smaller configuration.

Key Highlights

• 5,782 SF freestanding flex space on a corner lot
• Approximately 2,242 SF of air‑conditioned front retail space
• Rear warehouse with a 10’ overhead drive‑in door and a -6’ double door

Property Analytics

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

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Electrical Service Daycare Center (Bike/Boat/Book/etc) Store Real Estate Agency Bakery

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

1

Drive-in doors

Yes

Paved road access

NNN (Triple Net)

Lease Type

$1.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

414

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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

Lease Benchmarks for Peoria, IL

$13.5 /SF/Yr

Avg Asking Price

$6–$22 /SF/Yr

Price Range

11,903 SF

Avg Space Size

This space is priced 26% below the average of $13.5 /SF/Yr.

Properties on Market for Flex space in Peoria

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Divisible commercial space pairs air-conditioned retail area with functional rear warehouse capacity.

Where is this flex space located?

The property is located at 3414 N Prospect Rd Peoria, IL.

What is the lease rate?

The lease rate is $10 SF/Yr.

What are key features of this property?

This property features: 5,782 SF freestanding flex space on a corner lot; Approximately 2,242 SF of air‑conditioned front retail space; Rear warehouse with a 10’ overhead drive‑in door and a -6’ double door