Big Box Retail Space with Rear
For Lease
$5.75 SF/Yr
901 W Lake Avenue, Peoria, IL 61604
Open big box retail space with rear loading area and dock doors within a redevelopment project.
Space Size27,000 SF
Property Size159,000 SF
Days on Market30
Property Features for 901 W Lake Avenue
General Information
Standard status
Active
Size
27,000 SF
Property subtype
Retail
Lease Type
NNN
Lease Term
NNN
Additional Details
Dock-High Doors
1
Building Details
Building Size
159,000 SF
Year Built
1971
Spaces For Lease
at 901 W Lake Avenue Contact us- Size
- 27,000 SF
- Type
- Strip Center
- Term
- Negotiable
901 W. Lake Street $5.75/SF/Yr
Listing Agency:
Maloof Commercial Real Estate Company
(415) 942-4234
Listed By:
Madison Maloof · License #IL #475.180439
(415) 942-4234
Source:
Maloofcom
Added: Jul 27
Changed: Aug 24
Last Checked: Aug 25 at 6:40AM
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 Real Estate Company
Investment Insights
Based on property information with market context.
This big box retail space offers an open layout and includes a rear loading area with dock door(s). The building was constructed in 1971 and is part of a larger property being completely redeveloped.
The redevelopment is expected to include roughly 90,000 square feet dedicated to climate-controlled self storage managed by CubeSmart. Leaves n Beans is also noted as occupying 7,500 square feet on the opposite end of the vacant retail space.
The available retail offering is identified as 27,000 square feet and is configured for direct use as open retail with rear loading support.
The redevelopment is expected to include roughly 90,000 square feet dedicated to climate-controlled self storage managed by CubeSmart. Leaves n Beans is also noted as occupying 7,500 square feet on the opposite end of the vacant retail space.
The available retail offering is identified as 27,000 square feet and is configured for direct use as open retail with rear loading support.
Key Highlights
- Lease rate: $6.50/SF per year (NNN)
- Retail building totaling 159,000 SF in a complete redevelopment project
- Open big box retail space available: 27,000 SF
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
NNN (Triple Net)
Lease Type
$0.86 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
Explore this area
Business Placement
Demographics for 61604, IL
29,344
Population
13,341
Households
2.2
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
1,931
Density / Sq Mi
$50,628
Median Household Income
$34,577
Median Earnings
$904
Median Rent
$100,000
Median Home Value
Market
Lease Benchmarks for Peoria, IL
$14.16 /SF/Yr
Avg Asking Price
$5.75–$25 /SF/Yr
Price Range
6,184 SF
Avg Space Size
This space is priced 59% below the average of $14.16 /SF/Yr.
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Open big box retail space with rear loading area and dock doors within a redevelopment project.
Where is this retail space located?
The property is located at 901 W Lake Avenue Peoria, IL.
What is the lease rate?
The lease rate is $5.75 SF/Yr.
What are key features of this property?
This property features: Lease rate: $6.50/SF per year (NNN); Retail building totaling 159,000 SF in a complete redevelopment project; Open big box retail space available: 27,000 SF
