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    5012 Big Hollow Rd Peoria, IL 61615

    Sponsored
    For Lease
    $14 SF/Yr

    1,050 SF Retail/Office, Prime Location

    Lot size:
    1,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,050-square-foot retail or office space is ideally situated at 5012 N Big Hollow Rd in Peoria, Illinois, within Peoria County (zip code 61615). The property is a single-tenant space within a four-tenant building, boasting a convenient storefront design. The interior layout features primarily open retail space, complemented by a rear area offering storage and a restroom. This location benefits from high visibility and significant foot traffic, being situated directly across from the bustling Big Hollow Shopping Center. This center houses major retailers such as Target, Lowe's, T.J. Maxx, Best Buy, PetSmart, and Kirklands, ensuring a constant flow of potential customers. The building itself shares space with established businesses including IHOP, Milan, and AT&T, further enhancing its appeal and desirability. The property offers approximately 70 on-site parking spaces for the convenience of employees and customers. Building signage opportunities are available on War Memorial Drive, a road with a daily traffic count of 41,100 vehicles. Furthermore, the property offers peace of mind with 24-hour emergency property management provided by an in-house employee and a backup system utilizing a contracted maintenance company. This ensures prompt attention to any unforeseen issues. This is a fantastic opportunity for a business seeking a high-traffic, well-maintained space in a thriving retail environment.

    Property Features for 5012 Big Hollow Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,050 SF

    Unit(s) available at that property

    Space
    Size
    1,050 SF
    Rate per SF
    $14
    Property Profile Location Intelligence

    Current Use by Public Records

    Milan Laser Hair ... Laser Hair Removal Service Pardon My Cheesesteak Cheesesteak Restaurant NASCAR Refuel Tenders ... Hamburger Restaurant AT&T Store Cell Phone Store AT&T - Internet Service ... Internet Service Provider

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -89.6333661
    Latitude
    40.74921

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    FAQs

    What type of property is this?
    Office Property / Space - 1,050 SF Retail/Office, Prime Location
    Where is this office property / space located?
    The property is located at 5012 Big Hollow Rd Peoria, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    Request Owner's contact information
    5012 Big Hollow Rd 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
    5012 Big Hollow Rd Peoria, IL 61615
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