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

    3701 Sterling Ave Peoria, IL 61615

    Sponsored
    For Lease
    $6 SF/Yr

    Peoria, IL retail & office suites

    Lot size:
    52,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Sterling Plaza, located at 3701 N Sterling Ave in Peoria, IL (zip code 61615), offers exceptional retail and office space for lease. This 52,060 square foot building, situated on a 5.6-acre lot, boasts 22 suites with a minimum divisible space of 800 square feet and a maximum contiguous space of 3,500 square feet. Built in 1969 and zoned C2, the property features a variety of options to suit diverse business needs. Currently, three spaces are available: a street-level 875 square foot former cellular store (Unit 2519), a 3,300 square foot open space previously used as a women's fitness center (Unit 3709), and a 3,500 square foot lower-level space ideal for gatherings, featuring several private offices and restrooms. The property enjoys a prime location on Sterling Avenue, conveniently situated south of Westlake Shopping Center and Northwoods Mall, with easy access to the I-74 interchange, ensuring high visibility and convenient access for customers and employees. This Peoria County property presents a unique opportunity for businesses seeking versatile and well-located space.

    Property Features for 3701 Sterling Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,060 SF
    Total Rate
    26030

    Building Details

    Year Built
    1969

    Unit(s) available at that property

    Space
    Unit 2519
    Size
    875 SF
    Rate per SF
    $12
    Space
    Unit 3709
    Size
    3,300 SF
    Rate per SF
    $10
    Space
    Unit 3813
    Size
    3,500 SF
    Rate per SF
    $6

    HighLights

    • 52,060 square foot retail and office building on a 5.6‑acre lot in Peoria, IL.
    • 22 suites available, with spaces ranging from 800 to 3,500 square feet.
    • Three currently available spaces: 875 SF street‑level former cellular store, 3,300 SF open space (former fitness center), and 3,500 SF lower‑level space with private offices.
    • Prime location on Sterling Ave, near Westlake Shopping Center and Northwoods Mall, with easy I‑74 access.
    • C2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cash Store Loan Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.631913489914
    Latitude
    40.733097228885

    Nearby Similar for Lease

    • Contact for pricing
      43,560 SF

      Peoria Office Space For Rent

      2,525 SF office space with excellent accessibility and visibility.
      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
    • $12 SF/Yr
      34,142 SF

      Retail Space in Willow Knolls

      Retail and restaurant spaces available in Peoria shopping center.
      4100 W Willow Knl Rd, Peoria, IL
      View Details
    • $4 SF/Yr
      136,524 SF

      Warehouse Space in North Peoria

      136,524 SF warehouse space available for lease.
      8201 N University St, Peoria, IL 61615
      View Details
    • $11 SF/Yr
      3,791 SF

      Retail Spaces in High-Traffic Area

      Retail spaces available in a high-traffic Peoria location.
      4722-4810 N Sheridan Rd, Peoria, IL 61614
      View Details
    • $4 SF/Yr
      5,711 SF

      Peoria Office Space for Lease

      Flexible workspace solutions in Peoria, IL.
      416 Main St, Peoria, IL 61602
      View Details
    • $4 SF/Yr
      11,880 SF

      Warehouse Space in Warehouse District

      11,880 SF warehouse space for lease. Loft style with exposed brick.
      836 SW Washington St, Peoria, IL 61611
      View Details
    • $13 SF/Yr
      13,750 SF

      Prime Peoria Downtown Space

      Retail, Office, Restaurant - 2,500-13,750 SF
      128 Monroe St, Peoria, IL 61602
      View Details

    FAQs

    What type of property is this?
    Restaurant - Peoria, IL retail & office suites
    Where is this restaurant located?
    The property is located at 3701 Sterling Ave Peoria, IL.
    What is the lease rate?
    The lease rate is $6-$12 SF/Yr.
    What are key features of this property?
    This property features: 52,060 square foot retail and office building on a 5.6-acre lot in Peoria, IL.; 22 suites available, with spaces ranging from 800 to 3,500 square feet.; Three currently available spaces: 875 SF street-level former cellular store, 3,300 SF open space (former fitness center), and 3,500 SF lower-level space with private offices.
    Request Owner's contact information
    3701 Sterling Ave 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.
    3701 Sterling Ave
    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
    3701 Sterling Ave 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.