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    5201 War Memorial Dr Peoria, IL 61615

    For Lease
    Contact for pricing

    Peoria's premier open-air retail destination.

    Lot size:
    468,510 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    The Shoppes at Grand Prairie, a Class B, 468,510 square foot regional mall in Peoria County, offers a unique shopping experience. This single-building property boasts 46 suites, with 10 currently available, ranging from 683 to 93,378 square feet. Anchored by prominent national retailers such as Dick's Sporting Goods, Marshalls, HomeGoods, and Planet Fitness, the center features a diverse mix of over 50 specialty stores and restaurants, many exclusive to the Peoria market. Notable tenants include DSW, Old Navy, White House Black Market, and Brighton Collectibles. The architectural design showcases a Georgian Revival style, complemented by an elegant courtyard and pedestrian promenade. Landscaping includes shade trees, native shrubs, and seasonal flowers, enhancing the inviting atmosphere. Amenities provide a comfortable shopping experience with street lamps, park-like seating areas, water features, and a children's play area. This thriving lifestyle center presents a compelling opportunity for retailers seeking a high-traffic location within a well-established and attractive retail environment. The property's size and tenant mix offer significant potential for growth and profitability.

    Property Features for 5201 War Memorial Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    468,510 SF
    Class
    B

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Unit 120
    Size
    5,000 SF
    Space
    Unit 105
    Size
    7,871 SF
    Space
    Unit 225
    Size
    3,797 SF
    Space
    Unit 255
    Size
    1,901 SF
    Space
    Unit 300
    Size
    20,760 SF
    Space
    Unit 325
    Size
    9,418 SF
    Space
    Unit 400B
    Size
    93,378 SF
    Space
    Unit 477
    Size
    683 SF
    Space
    Unit 515
    Size
    1,192 SF
    Space
    Unit 532
    Size
    1,026 SF

    HighLights

    • Retail property totaling 468,510 square feet.
    • Class B regional mall with 46 suites.
    • Located in Peoria County, Illinois.
    • Currently features over 50 specialty stores and restaurants, including Dick's Sporting Goods, Marshalls, HomeGoods, and Planet Fitness.
    • Ten spaces available, ranging from 683 to 93,378 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Central Illinois Ballet Dance School HomeGoods Department Store Dry Goods Women'S Clothing Store LOFT Women'S Clothing Store The Shoppes at Grand Prairie Shopping Mall

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Pharmacy 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
    -89.6737601
    Latitude
    40.7799207

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    FAQs

    What type of property is this?
    Retail property - Peoria's premier open-air retail destination.
    Where is this retail property located?
    The property is located at 5201 War Memorial Dr Peoria, IL.
    What are key features of this property?
    This property features: Retail property totaling 468,510 square feet.; Class B regional mall with 46 suites.; Located in Peoria County, Illinois.
    Request Owner's contact information
    5201 War Memorial Dr Peoria, IL 61615
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    Peoria, IL 61615
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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
    5201 War Memorial Dr Peoria, IL 61615
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