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    OFF-MARKET
    Retail properties & Spaces

    1119 Glen Ave, Peoria, IL 61614

    14,400 SF Built 1997
    Property ID
    Property summary
    AI-generated overview

    This exceptional single-story, 14,400 square foot Glen Knolls Shopping Center in Peoria, Illinois offers a unique investment opportunity. Built in 1997, this Class B property boasts seven suites, currently featuring 4,800 square feet of vacant space ready for immediate occupancy. The building is situated at 1119 W Glen Ave, Peoria, IL 61614, in Peoria County. The property is categorized as retail, with available space suitable for executive or traditional office use, and storefront options. Multiple tenancies are possible, providing flexibility for various business needs. Currently, two suites are available, with one measuring 1,200 square feet. There are no elevators in this one-story building. A compelling incentive is available: three months of free base rent for a five-year lease term, subject to landlord approval. This prime location presents a fantastic chance to establish or expand your business in a thriving Peoria community. The available space presents a versatile opportunity for a variety of businesses seeking a well-located and attractive space. Don't miss this chance to secure your ideal space in this established shopping center.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1997
    Total area 14,400 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
    • Sun Room Tanning Tanning 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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