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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
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
Parcel Number | 14/06/126/021 | Improvements Assessment | $233,330 |
Land Assessment | $184,690 | Total Assessment | $418,020 |
PROPERTY TAXES
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High-Visibility Commercial Plaza | 8917 N Allen Rd
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