Big Box Retail Space with Rear
For Lease
Contact for pricing
901 W Lake Ave, Peoria, IL 61614
Open big box retail space with rear loading area and dock doors within a redevelopment project.
Space Size27,000 SF
Days on Market1087
Property Features for 901 W Lake Ave
General Information
Standard status
Active
Size
27,000 SF
Property subtype
RETAIL
Lease Type
NNN
Additional Details
Dock-High Doors
1
Building Details
Year Built
1971
Spaces For Lease
at 901 W Lake Ave Contact us- Floor
- 1
- Size
- 27,000 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
901 W Lake Ave $5.75/SF/Yr
Property Details
• Lease Rate: $6.50 SF/yr (NNN)
• Year Built: 1971
• Property...
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Contact us
Listing Agency:
Maloof Commercial
(309) 693-3000
Listed By:
Madison Maloof · License ##475.180439
Source:
Moodyscre
Added: Aug 30, 2023
Changed: Aug 8
Last Checked: Aug 20 at 12:36PM
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
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 61614, IL
27,119
Population
13,870
Households
2
Avg Household Size
41
Median Age
46%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,260
Density / Sq Mi
$68,379
Median Household Income
$46,540
Median Earnings
$948
Median Rent
$169,700
Median Home Value
Market
Lease Benchmarks for Peoria, IL
$16.14 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
7,038 SF
Avg Space Size
This space is priced 64% below the average of $16.14 /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 Ave 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
