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8917 N Allen Rd
Peoria, IL 61615

$2,950,000 USD

General Retail For Sale  •  6,700 SF

Property Details

  • Property Type General Retail
  • Total Building Size 6,700 SF
  • Lot Size 1.05 AC
  • Building Class B
  • Year Built 2017
  • Tenancy Multiple
  • Zoning Commercial
29 Transit Score
46 Walk Score

Description

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.

Highlights

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

Public Transportation

AirportDriveWalkDistance
General Downing - Peoria International 19 min - 13.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 63
Type: Surface
Included in Rent: Yes
Hiren Panchal 217-693-8758 Berkshire Hathaway Snyder Real Estate
Hiren Panchal 217-693-8758 Berkshire Hathaway Snyder Real Estate