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    2010 Knoxville Ave Peoria, IL 61603

    Sponsored
    For Lease
    $7 SF/Yr ($15,000 /Mo)

    Peoria, IL Retail Opportunity: 6,920 SF Available

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Discover a prime retail or restaurant space at Knoxville Plaza, located at 2010 N. Knoxville Avenue, Peoria, IL 61604. This single-story, Class B building offers a total of 24,000 square feet, with 6,920 square feet currently available for lease. The space features a recently remodeled interior (2024) boasting new flooring, paint, and lighting, creating a modern and inviting atmosphere. High 16-foot ceilings and an overhead door provide exceptional flexibility for various business types. An additional 920 square feet of mezzanine space offers bonus storage or office area. The space was previously used as a fitness center, showcasing its adaptability. Benefit from strong neighboring tenants, including Arona Home Essentials and Rent-A-Center. The building itself has undergone significant updates, including a warranted roof (2022), a freshly sealcoated parking lot (2023), and fresh exterior paint. Ample parking is available with 60 spaces. This exceptional leasing opportunity is perfect for businesses seeking a well-maintained, conveniently located space in a thriving area. Some remaining equipment from the previous tenant may be available for purchase.

    Property Features for 2010 Knoxville Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF
    Class
    B
    Total Rate
    15000

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    End Cap 2010 Knoxville
    Size
    6,920 SF
    Rate per SF
    $7

    HighLights

    • 24,000 SF retail/restaurant building with 6,920 SF available.
    • Recently renovated (2024) with new flooring, paint, and lighting.
    • Features 16' ceilings and an overhead door.
    • 60 parking spaces available.
    • Strong co‑tenancy with Arona Home Essentials and Rent‑A‑Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Medical Equipment ... Medical Equipment Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.593872720536
    Latitude
    40.71218972098

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    FAQs

    What type of property is this?
    Restaurant - Peoria, IL Retail Opportunity: 6,920 SF Available
    Where is this restaurant located?
    The property is located at 2010 Knoxville Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 24,000 SF retail/restaurant building with 6,920 SF available.; Recently renovated (2024) with new flooring, paint, and lighting.; Features 16' ceilings and an overhead door.
    Request Owner's contact information
    2010 Knoxville Ave Peoria, IL 61603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2010 Knoxville Ave Peoria, IL 61603
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