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    8817 Knoxville Ave Peoria, IL 61615

    Sponsored
    For Lease
    $13 SF/Yr

    Prime Peoria retail space, high traffic area.

    Lot size:
    156,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents a 156,000 square foot strip center situated at 8817 N. Knoxville Ave in Peoria, Illinois, within Peoria County (zip code 61615). The property boasts a single, one-story building on a one-acre lot, offering multiple tenancy options. Three spaces are currently available, ranging from 1,000 to 1,200 square feet each. This location is strategically positioned in Peoria's fastest-growing residential area, benefiting from high visibility and significant traffic volume. Knoxville Avenue sees 19,500 vehicles daily, further enhanced by two fully signalized intersections providing excellent access. The property's prime location and substantial traffic flow make it an ideal investment for businesses seeking high exposure and a strong customer base. The center's size and layout offer flexibility for a variety of retail uses. This is a rare opportunity to secure a prominent retail presence in a thriving Peoria neighborhood. The property is classified as both Retail and Land.

    Property Features for 8817 Knoxville Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    156,000 SF
    Total Rate
    175500

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Unit 5
    Size
    1,000 SF
    Rate per SF
    $13
    Space
    Unit 10
    Size
    1,200 SF
    Rate per SF
    $13
    Space
    Unit 11
    Size
    1,200 SF
    Rate per SF
    $13

    HighLights

    • 156,000 square foot single‑story retail strip center on a one‑acre lot in Peoria, IL (61615).
    • Three available spaces, 1,000‑1,200 square feet each.
    • High‑visibility location in Peoria's fastest‑growing residential area with 19,500 VPD on Knoxville Ave and two signalized intersections.
    • Ideal for retail businesses seeking high exposure and strong customer base.
    • Classified as Retail and Land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.606517318783
    Latitude
    40.793866866546

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Peoria retail space, high traffic area.
    Where is this neighborhood center located?
    The property is located at 8817 Knoxville Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 156,000 square foot single-story retail strip center on a one-acre lot in Peoria, IL (61615).; Three available spaces, 1,000-1,200 square feet each.; High-visibility location in Peoria's fastest-growing residential area with 19,500 VPD on Knoxville Ave and two signalized intersections.
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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
    8817 Knoxville Ave Peoria, IL 61615
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