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    10405 Centerway Dr Peoria, IL 61615

    For Sale
    Contact for pricing

    Prime Peoria, IL Retail Land, 6 Pads Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Knoxville Crossing offers exceptional retail land opportunities in Peoria, Illinois. This newly developed shopping center boasts six available outlots ranging from 0.75 to 5.56 acres, priced from $4.75 to $6.50 per square foot. Strategically located at the intersection of Knoxville Avenue and Alta Road, just north of the Route 6 Interchange, this high-visibility location benefits from significant traffic flow and excellent exposure. The area is anchored by Schnuck's and features a strong mix of established businesses including Walgreens, McDonald's, Hucks, Great Clips, Potbelly, Verizon, and C'EST Ally Spa. Lighted intersections further enhance visibility and accessibility. These versatile pads are ideal for a variety of commercial uses, providing an excellent opportunity for businesses seeking a prime location in a thriving retail environment. The property offers significant potential for growth and return on investment due to its location, size options, and the presence of established, successful businesses. Contact us today to learn more about these exceptional retail outlot opportunities.

    Property Features for 10405 Centerway Dr

    General Information

    Property type
    Retail properties
    Lot Size
    32,670 SF

    HighLights

    • High‑visibility location at Knoxville Ave & Alta Rd, Peoria, IL, near Route 6 Interchange.
    • Newly developed shopping center with six available outlots.
    • Lighted intersections for excellent accessibility and visibility.
    • Outlots ranging from 0.75 to 5.56 acres.
    • Prices from $4.75 to $6.50 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6155633
    Latitude
    40.8151397

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    FAQs

    What type of property is this?
    Retail property - Prime Peoria, IL Retail Land, 6 Pads Available
    Where is this retail property located?
    The property is located at 10405 Centerway Dr Peoria, IL.
    What are key features of this property?
    This property features: High-visibility location at Knoxville Ave & Alta Rd, Peoria, IL, near Route 6 Interchange.; Newly developed shopping center with six available outlots.; Lighted intersections for excellent accessibility and visibility.
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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
    10405 Centerway Dr Peoria, IL 61615
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