Listing Agency: Mid-America Real Estate Group | Oakbrook Terrace p***@midamericagrp.com Show Phone

Listed By: Will Hayes Show Phone

Source: Moodyscre

Added: Jul 30, 2024 Changed: Jul 27 Last Checked: Jul 30 at 8:38AM

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Investment Insights

Based on property information with market context.

This retail storefront offering is positioned within a shopping center along N University St. The property includes full-access, signalized entrances from University Street and Glen Avenue, designed for straightforward customer approach and visibility. A large digital pylon sign provides prominent on-site branding, supported by ample parking and an on-site management office.

The center is located at one of Peoria’s busiest intersections: University Street and Glen Avenue in the center of Peoria. Public remarks indicate University Street averages 20,000 cars per day and Glen Avenue averages 13,500 cars per day traveling past the property.

The shopping center is anchored by Schnucks, Sunrise Health Foods, and Joann, and hosts community events such as the Peoria Farmers Market on weekends.

Key Highlights

• Located at University St & Glen Ave in central Peoria, one of the city’s busiest intersections
• Full‑access, signalized entrances on both University St and Glen Ave
• Traffic counts: University St averages 20,000 cars/day and Glen Ave averages 13,500 cars/day

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply HVAC Service Big Box & Wholesale Store Gym & Fitness 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

Yes

Paved road access

NNN (Triple Net)

Lease Type

$1.95 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,180

Businesses Nearby

311k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 40% Dining 34% Shops & Services 20% Apparel 4%

Hy-Vee Groceries

49,807 visits/mo 0.5 miles

Kroger Groceries

31,272 visits/mo 0.4 miles

Schnucks Groceries

27,814 visits/mo 0.2 miles

Chili's Grill & Bar Dining

25,059 visits/mo 0.2 miles

Culver's Dining

24,558 visits/mo 0.0 miles

Demographics for 61614, IL

27,119

Population

13,870

Households

2

Avg Household Size

41

Median Age

46%

College-Educated

97%

High-School Grad

12.0 sq mi

ZIP Area

2,260

Density / Sq Mi

$68,379

Median Household Income

$46,540

Median Earnings

$948

Median Rent

$169,700

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?

Shopping center - Ground-floor retail space with full-access, signalized entrances and strong signage potential via a digital pylon sign.

Where is this shopping center located?

The property is located at 4620-4700 N University St Peoria, IL.

What is the lease rate?

The lease rate is $13 SF/Yr.

What are key features of this property?

This property features: Located at University St & Glen Ave in central Peoria, one of the city’s busiest intersections; Full‑access, signalized entrances on both University St and Glen Ave; Traffic counts: University St averages 20,000 cars/day and Glen Ave averages 13,500 cars/day