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Flexible Retail Space with Salon Fixtures
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For Lease
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8811 N Allen Rd, Peoria, IL 61615

Two adjoining spaces offer open retail and salon configurations, with the option to lease the full building.

Space Size1,684 SF
Property Size5,184 SF
Days on Market2

Property Features for 8811 N Allen Rd

General Information

Standard status Active
Size 1,684 SF
Net Rentable 1,684 SF
Property subtype RETAIL
Lease Type NNN

Space & Availability

Available Space 1,684-5,184 SF
Contiguous Space 5,184 SF
Divisible Yes

Site & Location

Anchor Co-Tenants Walmart
Highway Access Yes

Building Details

Building Size 5,184 SF

Spaces For Lease

at 8811 N Allen Rd
8811 N Allen Rd $25/SF/Yr
Floor 1
Size 1,684 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Prime Walmart Outlot Location - Directly in front of heavy consumer traffic with direct highway access - 8809 N. Allen Road (±3,500 SF Retail) - Open Retail Layout - Wide-open retail floor previously configured for wireless sales - Adaptable Footprint - Can be divided or combined with the adjacent space for retail or office use - 8811 N. Allen Road (±1,684 SF Hair Salon) - Turnkey Salon Setup - Fully equipped space ready for immediate operation - Includes Fixtures - Comes with wash bowls, chairs, mirrors, and washer/dryer - Full Building Opportunity (5,184 SF) - Maximized Footprint - Entire building can be leased as a single, contiguous unit
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Listing Agency: Maloof Commercial
Listed By: Zac Maloof · License ##475.139281
Source: Moodyscre
Added: Oct 15 Changed: Oct 16 Last Checked: Oct 16 at 5:27AM

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

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Investment Insights

Based on property information with market context.

Retail leasing options include an open-plan suite previously set up for wireless sales and a separate salon space equipped with wash bowls, chairs, mirrors, and a washer and dryer. The spaces can be leased individually, combined, or configured as a single contiguous unit across the building.

The property is positioned in front of a Walmart and has direct highway access. The open retail suite is approximately 3,500 square feet, the salon is approximately 1,684 square feet, and the combined building totals 5,184 square feet.

Key Highlights

  • Open retail suite of approximately 3,500 square feet, previously configured for wireless sales
  • Salon space of approximately 1,684 square feet with wash bowls, chairs, mirrors, and washer/dryer
  • Spaces may be leased separately, combined, or as a 5,184‑square‑foot building

Property Analytics

Current Use

Neka Hardrick Aesthetics, ... Spa & Massage Center Seven Strands Hair ... Hair Salon

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Carpet & Flooring Store Cafe & Coffee Shop

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
Highway access
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

536
Businesses Nearby
260k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 47% Home Improvements & Furnishings 19% Shops & Services 14% Groceries 10%
Walmart Superstores
121,672 visits/mo 0.2 miles
Menards Home Improvements & Furnishings
49,413 visits/mo 0.4 miles
Shell Shops & Services
25,949 visits/mo 0.3 miles
Aldi Groceries
25,191 visits/mo 0.4 miles
Arby's Dining
8,574 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

Lease Benchmarks for Peoria, IL

$13.29 /SF/Yr
Avg Asking Price
$5.75–$25 /SF/Yr
Price Range
9,226 SF
Avg Space Size

This space is priced 88% above the average of $13.29 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Two adjoining spaces offer open retail and salon configurations, with the option to lease the full building.
Where is this retail space located?
The property is located at 8811 N Allen Rd Peoria, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Open retail suite of approximately 3,500 square feet, previously configured for wireless sales; Salon space of approximately 1,684 square feet with wash bowls, chairs, mirrors, and washer/dryer; Spaces may be leased separately, combined, or as a 5,184‑square‑foot building
(309) 693-3000 Call to check price and availability
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