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    OFF-MARKET
    Retail properties & Spaces

    602 Glen Ave, Peoria, IL 61614

    61,967 SF Built 1975
    Property ID
    Property summary
    AI-generated overview

    Glen Plaza Shopping Center presents a compelling investment opportunity in Peoria County, Illinois. This established retail center, built in 1975, comprises three buildings totaling 61,967 square feet and offers multiple tenancy options. Currently, 11,989 square feet of space is available, with units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 3,813 square feet. Three individual suites are immediately available for lease: a 3,791 square foot space at 4806 Sheridan Road, a 1,412 square foot space at 4720 Sheridan Road, and a 5,985 square foot space at 4722 Sheridan Road. The 4720 and 4722 Sheridan Road units can be combined for a larger footprint. The center benefits from a high-traffic location at the intersection of Sheridan and Glen Roads, providing excellent visibility. Neighboring businesses include prominent establishments such as the Alzheimer's Association, Tricocci University, and Walgreens. The property features two pylon signs for enhanced marketing opportunities. Lease incentives and tenant improvement allowances are available. This prime location and flexible space options make Glen Plaza Shopping Center an ideal choice for a variety of businesses.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1975
    Total area 61,967 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Tricoci University of Beauty Culture Peoria Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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