Retail and Office Multi-Tenant
For Sale
Contact for pricing
7700 - 7730 N Grand Prairie Drive, Peoria, IL 61615
Multi-tenant retail and office property with 14 units and a surface parking lot directly accessible to the buildings.
Property Size22,210 SF
Lot Size2.42 Acres
Price / SF$0.00
Days on Market222
Property Features for 7700 - 7730 N Grand Prairie Drive
General Information
Standard status
Active
Size
22,210 SF
Lot size
2.42 Acres
Property subtype
Retail/Office Shopping Center
Lease Term
NNN
Building Details
Building Size
22,210 SF
Year Built
2003
Tenancy
Multi
Properties For Sale
at 7700 - 7730 N Grand Prairie Drive Contact usSuite 7704
Size
1,059 SF
Type
Office/Retail
Term
Negotiable
Suite 7712
Size
1,200 SF
Type
Strip Center
Term
Negotiable
Suite 7714
Size
2,424 SF
Type
Office/Retail
Term
Negotiable
Suite 7730
Size
2,500 SF
Term
Negotiable
Listing Agency:
Maloof Commercial
Listed By:
Dan Maloof · License #IL #475.122647
(309) 696-7200
Source:
Maloofcom
Added: Mar 16
Changed: Oct 21
Last Checked: Oct 23 at 4:29AM
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 Maloof Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Shoppes West at Grand Prairie is a multi-tenant retail and office property offering 14 units across 22,210 square feet on 2.42 acres. The asset is described as well-maintained and positioned as an outlot of The Shoppes at Grand Prairie, providing a large surface parking lot directly accessible to the units.
The property is located at 7700–7730 N. Grand Prairie Drive in Peoria, Illinois. Public remarks note convenient access to major roadways and proximity to national retailers, restaurants, and entertainment options, with adjacency to the Louisville Slugger Sports Complex.
As presented in the offering materials, the tenant mix includes both retail and office users within the same shopping center setting.
The property is located at 7700–7730 N. Grand Prairie Drive in Peoria, Illinois. Public remarks note convenient access to major roadways and proximity to national retailers, restaurants, and entertainment options, with adjacency to the Louisville Slugger Sports Complex.
As presented in the offering materials, the tenant mix includes both retail and office users within the same shopping center setting.
Key Highlights
- 22,210 SF multi‑tenant retail and office property built in 2003
- Comprises 14 units with a retail and office tenant mix
- Located on 2.42 acres and positioned as an outlot of The Shoppes at Grand Prairie
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$265,854
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,317,080
$5.3M
Cap Rate 7%
$3,797,914
$3.8M
Cap Rate 9%
$2,953,933
$3.0M
Market Conditions
NOI Build-Up for 22,210 SF
Gross rent
$399.8K $18.00/SF
− Vacancy
−$20.0K −$0.90/SF
EGI
$379.8K $17.10/SF
− OpEx
−$113.9K −$5.13/SF
NOI
$265.9K $11.97/SF
Area
Peoria, IL
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,317,080
Cap Rate 7%
$3,797,914
Cap Rate 9%
$2,953,933
Alternative Uses
Best Use
Office B
$4.10M
$3.59M – $4.78M
NOI $286,842 @ 7.0% cap · market cap 2,206,476.92%
Second Best
Retail
$3.80M
$3.32M – $4.43M
NOI $265,854 @ 7.0% cap · market cap 2,045,030.77%
Theoretical Best
Multifamily LT 5
$19.43M
$17.00M – $22.67M
NOI $1,360,037 @ 7.0% cap · market cap 10,461,823.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Multi-tenant retail and office property with 14 units and a surface parking lot directly accessible to the buildings.
Where is this nnn property located?
The property is located at 7700 - 7730 N Grand Prairie Drive Peoria, IL.
What are key features of this property?
This property features: 22,210 SF multi‑tenant retail and office property built in 2003; Comprises 14 units with a retail and office tenant mix; Located on 2.42 acres and positioned as an outlot of The Shoppes at Grand Prairie
