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Grocery-Anchored Shopping Center Space
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714 W Lake Ave, Peoria, IL

Retail space in high-traffic, grocery-anchored shopping center.

Space Size6,600 SF
Lot Size18.94 Acres
Days on Market533

Property Features for 714 W Lake Ave

General Information

Standard status Active
Size 6,600 SF
Lot size 18.94 Acres
Property subtype RETAIL

Spaces For Lease

at 714 W Lake Ave Contact us

Sheridan Village

Floor
Bldg
Size
6,600 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
• High-volume grocery-anchored shopping center • Strong traffic counts (21,000+...
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Listing Agency: Broad Reach Retail Partners, LLC
Listed By: Gary Block
Source: Moodyscre
Added: Apr 1, 2025 Changed: Sep 11 Last Checked: Sep 15 at 6:09AM

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 Broad Reach Retail Partners, LLC

Investment Insights

Based on property information with market context.

This 150,000 square foot shopping center is anchored by a high-volume grocery store. The property benefits from strong traffic counts, with over 21,000 cars per day. The average household income in the area is approximately $85,000. The shopping center provides over 1,100 parking spaces. A new parking surface was completed in 2024, and the facade was renovated in 2020. Available space is approximately 6,600 square feet.

Key Highlights

  • High‑volume grocery‑anchored shopping center
  • Strong traffic counts (21,000+ cars/day)
  • Average household income: ~$85,000

Property Analytics

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Current Use

Sweet Basil Cafe ... Restaurant AAZ DryerVent & Chimney ... General Contractor

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Daycare Center Electrical Service Garden Center Restaurant

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

1,113
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 39% Groceries 33% Shops & Services 28%
Save-A-Lot Groceries
5,672 visits/mo 0.5 miles
Monical's Pizza Dining
4,028 visits/mo 0.5 miles
SUBWAY Dining
2,677 visits/mo 0.5 miles
Mobil Shops & Services
2,633 visits/mo 0.5 miles
O'Reilly Auto Parts Shops & Services
2,084 visits/mo 0.4 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Retail space in high-traffic, grocery-anchored shopping center.
Where is this shopping center located?
The property is located at 714 W Lake Ave Peoria, IL.
What are key features of this property?
This property features: High‑volume grocery‑anchored shopping center; Strong traffic counts (21,000+ cars/day); Average household income: ~$85,000
(443) 890-1538 Call to check price and availability
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