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Property profile & analytics

7411 N Grand Prairie Dr Peoria, IL 61615

  • Commercial real estate
  • 1.07 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-5747335
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 7411 N Grand Prairie Dr

Lot size
1.07 lot acres
Property type
Commercial real estate
APN
13-11-151-009
APU
1311151009

Description

This exceptional 5,219-square-foot freestanding commercial building, situated on a 1.07-acre lot in Peoria, Illinois, presents a unique opportunity for a discerning business. Located at the entrance to the Shoppes at Grand Prairie, a thriving open-air lifestyle center, this Class B property boasts excellent visibility from War Memorial Drive. Built in 2004, the single-story building is zoned C2 and features a single tenancy. The space includes two walk-in coolers, one walk-in freezer, a hood with an Ansul system, and a grease trap – remnants from its previous use as a BBQ restaurant. Some equipment may remain, though it is not warranted. The property offers a robust 3-phase 400-amp electrical service and was previously configured to seat up to 160 patrons. The Shoppes at Grand Prairie is anchored by prominent retailers such as Dick's Sporting Goods, Marshalls, HomeGoods, Planet Fitness, and Hy-Vee Supermarket, among approximately 50 other specialty stores and restaurants, ensuring high foot traffic and visibility. This prime location in Peoria County (zip code 61615) offers unparalleled access to a dense consumer base. The property is ideal for a restaurant or retail business seeking a well-equipped, high-traffic location within a successful retail center.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.6768
Latitude
40.7784
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$32,145
$180,460
$192,980
$373,440
-
$541,380
$578,940
$1,120,320
More about this property
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