Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5001 Big Hollow Rd Peoria, IL 61615

    For Lease
    $174 SF/Yr

    High-traffic retail space, ideal for family entertainment.

    Lot size:
    46,430 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional single-tenant retail property, located at 5001 N Big Hollow Rd, Peoria, IL 61615, offers 46,430 square feet of space in a prime location. Currently occupied by a Best Buy, the building features a large open floor plan, perfect for adaptable use. The property includes two loading docks, two roll-up garage doors, and additional storage/warehouse space in the rear. Employee amenities include designated men's and women's restrooms, a break room, and a training room. Situated on 6.09 acres, the property boasts 319 parking spaces. The building is a single-story structure built in 2003 and is zoned for large-scale commercial use. Its strategic location within a strip mall anchored by Target and Lowe's ensures high visibility and foot traffic. The property benefits from excellent road access, situated along W War Memorial Dr (37,500 vehicles per day), a major north-south thoroughfare, just north of Interstate 74 (26,400 vehicles per day). A dedicated turn lane and signalized intersection further enhance accessibility. A large pylon road sign provides excellent advertising opportunities. This property presents a unique opportunity for a grocery store or family entertainment business seeking a high-visibility location with ample space and parking.

    Property Features for 5001 Big Hollow Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    46,430 SF
    Total Rate
    673235

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    46,430 SF
    Rate per SF
    $240

    HighLights

    • 46,430 SF freestanding building.
    • 6.09‑acre site.
    • 319 surface parking spaces.
    • Built in 2003.
    • Available August 1, 2025.
    • Tenant improvement allowance negotiable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wendy's Fast Food Restaurant Geek Squad Mobile Phone Repair Shop Coinstar Vending Machine Supplier Adam E. Price, ... Pharmacy Rachael Carrasca, PharmD Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.639605787732
    Latitude
    40.749355130734

    Nearby Similar for Lease

    • $11 SF/Yr

      Prime Office Space in Peoria

      Highly visible office space with flexible layout and excellent accessibility.
      1820 N Sterling Ave, Peoria, IL 61604
      View Details
    • $8 SF/Yr
      57,100 SF

      Versatile Industrial and Office Building

      57,100 SF industrial/office space for lease in Peoria, Illinois.
      6533 N Galena Rd, Peoria, IL 61614
      View Details
    • Contact for pricing
      12,503 SF

      Prime Retail Space in Peoria

      Retail landmark with high visibility and strong market presence.
      2601 W Lake Ave, Peoria, IL 61615
      View Details
    • $6 SF/Yr
      3,300 SF

      Warehouse District Flex Building

      3,300 SF flex building in Peoria's Warehouse District.
      718 SW Adams St, Peoria, IL 61602
      View Details
    • $12 SF/Yr
      2,565 SF

      Renovated Loft Office Space Available

      Office suites available in renovated loft building on Water Street.
      311 SW Water St, Peoria, IL 61602
      View Details
    • $6 SF/Yr
      5,500 SF

      Warehouse/Flex Space in Warehouse District

      Warehouse/flex building for lease in the Warehouse District.
      720 SW Adams St, Peoria, IL 61603
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, ideal for family entertainment.
    Where is this retail property located?
    The property is located at 5001 Big Hollow Rd Peoria, IL.
    What is the lease rate?
    The lease rate is $240 SF/Yr.
    What are key features of this property?
    This property features: 46,430 SF freestanding building.; 6.09-acre site.; 319 surface parking spaces.
    Request Owner's contact information
    5001 Big Hollow Rd Peoria, IL 61615
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5001 Big Hollow Rd
    Peoria, IL 61615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5001 Big Hollow Rd Peoria, IL 61615
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.