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High-Visibility Commercial Plaza 8917 N Allen Rd

6,700 SF 60% Leased Retail Building Peoria, IL 61615 $2,950,000 ($440/SF)

Investment Highlights

  • Diverse Tenant Mix with National and Specialty Tenants
  • Unmatched Commercial Location, with Proximity to Key Attractions

Property Facts

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Building Size
6,700 SF
Building Class
B
Year Built
2017
Price
$2,950,000
Price Per SF
$440
Percent Leased
60%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Land Acres
1.05 AC
Zoning
Commercial - General Commercial Zoning
Parking
63 Spaces (9.4 Spaces per 1,000 SF Leased)
Frontage
185 FT on North Allen Road

About 8917 N Allen Rd , Peoria, IL 61615

Prime Investment Opportunity with Versatile Leasing Options! Located at 8917 N Allen Rd in Peoria, IL, this 11,431 sq. ft. commercial plaza offers a strong tenant mix, featuring a major retail wireless company (AT&T), VIP Vapes, and a Covid Testing Center, securing consistent rental income. Additionally, the plaza includes a vacant tenant space equipped with a drive-thru, ideal for businesses seeking drive-thru capability to enhance convenience and customer flow. Positioned near Walmart, this high-visibility location enjoys excellent traffic and accessibility. With close proximity to major highways and various popular amenities, this property is perfectly suited for investors looking to add a flexible, income-generating asset in one of Peoria’s most dynamic commercial areas. Don’t miss this chance to invest in a well-situated property with strong growth potential! Investment Highlights: • Diverse Tenant Mix with National and Specialty Tenants: Secure investment opportunity featuring a strong mix of tenants, including a prominent national tenant alongside VIP and Free Covid Testing Center, ensuring stable cash flow with potential for additional growth. • Unmatched Commercial Location: Ideally located in a dynamic, high-traffic commercial corridor with exceptional visibility and direct access, positioned on a prime outparcel along major arterial roads—perfect for attracting consistent customer flow and maximizing exposure. • Proximity to Key Attractions: Close to popular destinations like The Shoppes at Grand Prairie, Walmart Supercenter, WeaverRidge Golf Club, and Peoria Civic Center, maximizing exposure and foot traffic. • Attractive Demographics: o Population: Dense suburban area, providing a steady customer base. o Income: Above-average household incomes indicate strong purchasing power. o Diverse Age Mix: Suitable for businesses catering to professionals, families, and middle-aged demographics, supporting a range of services and retail. Executive Summary: o Strong Occupancy with National and Specialty Tenants: Currently 60% leased to reputable tenants, providing a solid foundation of rental income. o AT&T: A prime authorized retailer with a strong and established customer base. o Other Tenants Include: VIP Vapes (specialty retail) and Apex Health (Covid-19 testing), adding to the diverse tenant mix and ensuring steady traffic to the property.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14/06/126/021
Land Assessment
$184,690
Improvements Assessment
$233,330
Total Assessment
$418,020
  • Listing ID: 33690804

  • Date on Market: 10/30/2024

  • Last Updated:

  • Address: 8917 N Allen Rd, Peoria, IL 61615

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