901 Lake AvePeoria, IL 61604

Property Details for 901 Lake Ave

Lot size

10.00 AC

Property type

Other commercial real estate

APN

14-20-476-006

APU

1420476006

Description

This exceptional retail opportunity presents 27,000 square feet of vacant space within a 159,000-square-foot property undergoing complete redevelopment at 901 W. Lake Avenue in Peoria, Illinois (zip code 61604). Located in Peoria County, this multi-tenant property, built in 1971, offers significant potential for a variety of retail businesses. The redevelopment plan includes a substantial portion (approximately 90,000 square feet) dedicated to climate-controlled self-storage units managed by Cubesmart, ensuring high foot traffic and visibility for neighboring tenants. A popular local establishment, Leaves N Beans, will also occupy 7,500 square feet on the opposite end of the available space, creating a synergistic retail environment. This prime location provides excellent access and exposure for businesses seeking a prominent presence in the Peoria market. The substantial size of the available space allows for flexibility in design and layout to accommodate a wide range of retail concepts. This is a unique chance to be part of a revitalized commercial center in a thriving community. The property's strategic location and the ongoing redevelopment project promise a strong return on investment for the right tenant. Contact us today to learn more about this exciting opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $90,027,152

  Hospitality

  $82,464,384

  Educational

  $68,609,400

  Medical

  $70,968,984

  Retail

  $106,725,736

Location Insight

City

Peoria

County

Peoria

State

Illinois

Latitude

40.7418

Longitude

-89.6035

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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