Property profile

1119 Glen Ave Peoria, IL 61614

OFF-MARKET
Retail properties & Spaces
14,400 SF Built 1997
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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

Current use

Occupant on record · Public records
  • Tanning Salon

Location

1119 Glen Ave Peoria, IL 61614
Peoria metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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