Property profile

602 Glen Ave Peoria, IL 61614

OFF-MARKET
Retail properties & Spaces
61,967 SF Built 1975
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Hair Salon

Location

602 Glen Ave Peoria, IL 61614
Peoria metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 602 Glen Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
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