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Open-Air Lifestyle Shopping Center
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5201 W War Memorial Dr, Peoria, IL 61615

Open-air lifestyle center anchored by major retailers with specialty shops and restaurants on-site.

Property Size1,901 SF
Days on Market1273

Property Features for 5201 W War Memorial Dr

General Information

Standard status Active
Size 1,901 SF
Property subtype RETAIL

Building Details

Construction open-air lifestyle center
Listing Agency: Mid-America Real Estate Group | Oakbrook Terrace
Listed By: Brad Joseph
Source: Moodyscre
Added: Feb 3, 2023 Changed: Jul 28 Last Checked: Jul 30 at 1:42PM

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 Mid-America Real Estate Group | Oakbrook Terrace

Investment Insights

Based on property information with market context.

The Shoppes at Grand Prairie is an open-air lifestyle shopping center with a tenant mix that includes more than 30 specialty stores and restaurants. The center is anchored by Dick’s, H&M, HomeGoods, DSW, Marshalls, Victoria’s Secret/Pink, Old Navy, J. Crew Factory, Eddie Bauer, and Planet Fitness.

The property is located at 5201 W War Memorial Dr in Peoria, IL 61615, offering a multi-tenant retail environment suitable for businesses seeking established co-tenancy among nationally recognized anchors and surrounding specialty retailers.

A listed space is available for rent within the center, with the property size provided as 1,901 square feet.

Key Highlights

  • Open‑air lifestyle center retail destination in Peoria, IL
  • Anchored by major retailers including Dick’s, H&M, HomeGoods, DSW, Marshalls, Victoria’s Secret/Pink, Old Navy, J. Crew Factory, Eddie Bauer, and Planet Fitness
  • Tenant mix includes more than 30 specialty stores and restaurants

Property Analytics

Current Use

Central Illinois Ballet Training Center HomeGoods Department Store Dry Goods Clothing & Fashion Store LOFT Clothing & Fashion Store The Shoppes at Grand Prairie Shopping Center & Mall

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Storage Facility Kitchen & Bath Showroom Grocery & Convenience Store

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

364
Businesses Nearby
509k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Apparel 33% Dining 24% Home Improvements & Furnishings 16% Groceries 11%
Hy-Vee Groceries
57,702 visits/mo 0.2 miles
DICK'S Sporting Goods Apparel
51,369 visits/mo 0.1 miles
Marshalls Apparel
45,100 visits/mo 0.1 miles
HomeGoods Home Improvements & Furnishings
33,290 visits/mo 0.1 miles
Academy Sports + Outdoors Apparel
30,770 visits/mo 0.2 miles

Demographics for 61615, IL

24,314
Population
11,334
Households
2.1
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
29.6 sq mi
ZIP Area
821
Density / Sq Mi
$82,157
Median Household Income
$50,165
Median Earnings
$1,079
Median Rent
$206,800
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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Similar Off Market Nearby

  • The Shoppes at Grand Prairie — 5201 W War Memorial Dr, Peoria, IL 61615

Frequently Asked Questions

What type of property is this?
Shopping center - Open-air lifestyle center anchored by major retailers with specialty shops and restaurants on-site.
Where is this shopping center located?
The property is located at 5201 W War Memorial Dr Peoria, IL.
What are key features of this property?
This property features: Open‑air lifestyle center retail destination in Peoria, IL; Anchored by major retailers including Dick’s, H&M, HomeGoods, DSW, Marshalls, Victoria’s Secret/Pink, Old Navy, J. Crew Factory, Eddie Bauer, and Planet Fitness; Tenant mix includes more than 30 specialty stores and restaurants
(630) 954-7221 Call to check price and availability
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