Peoria, IL Retail Properties For Sale

 15
  • Nicholas Kohlmann
  • Eric Geskermann
  • Keisha Hartshorn
4700 N University St Suite 80
Peoria, IL 61614
Price Upon Request
6,000 SF
        
6,000 SF
Price Upon Request
Storefront
 9
  • Patrick Luther
  • Matthew Mousavi
  • Dan Elliot
  • Sean Lutz
8310 N Allen Rd
Peoria, IL 61615
$3,268,000 USD
4,664 SF
6% Cap Rate
        
4,664 SF
$3,268,000 USD
Freestanding
 9
  • Patrick Luther
  • Matthew Mousavi
  • Sean Lutz
  • Dan Elliot
401 S Main St
Creve Coeur, IL 61610
$3,339,000 USD
5,742 SF
6% Cap Rate
        
5,742 SF
$3,339,000 USD
Freestanding
 5
  • Benjamin Brigham
  • Elan Sieder
311 W Romeo B Garrett Ave
Peoria, IL 61605
$1,146,352 USD
8,000 SF
8.5% Cap Rate
        
8,000 SF
$1,146,352 USD
Medical
 18
  • Rick Gorecki
2920 NE Adams St
Peoria, IL 61603
$219,900 USD
4,751 SF
        
4,751 SF
$219,900 USD
Freestanding
 6
  • Shannon Bona
  • Julius Swolsky
  • Brenton Baskin
3034 Lincoln Ave
Peoria, IL 61604
$1,083,500 USD
10,113 SF
7% Cap Rate
        
10,113 SF
$1,083,500 USD
Freestanding
 9
  • Norman Bobrow
  • Zev Bobrow
200 Riverside Dr
East Peoria, IL 61611
$3,877,500 USD
26,337 SF
        
26,337 SF
$3,877,500 USD
Freestanding
 19
  • Marc Wells
9123 N Radnor Rd
Peoria, IL 61615
$990,800 USD
7,056 SF
        
7,056 SF
$990,800 USD
Flex
 6
  • Jessica Ball
  • Justin Ball
1409 SW Jefferson Ave
Peoria, IL 61605
$210,000 USD
9,060 SF
        
9,060 SF
$210,000 USD
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Peoria Retail Properties For Sale

Peoria, Illinois, offers a unique opportunity for investors to capitalize on the city's rich history and diverse economy. With a population of around 113,000 people, Peoria presents a stable and growing market for Retail Properties. These properties, which can range from small strip centers to large shopping malls, offer a versatile investment option for those looking to tap into the local consumer market. As a major hub for manufacturing industries, Peoria attracts a significant workforce, creating a strong demand for retail spaces. The city's infrastructure, including the Greater Peoria Mass Transit District and General Wayne A. Downing Peoria International Airport, ensures easy accessibility and connectivity for residents and visitors alike. Additionally, Peoria is home to several major employers, such as Caterpillar and OSF Healthcare, which contribute to the city's economic stability. The city's scenic beauty, cultural attractions, and educational institutions, including Illinois Central College and Bradley University, make it an attractive place to live, work, and invest.

Peoria's Retail Properties offer a unique blend of local charm and economic viability. With 9 listings available, investors can find opportunities that fit their specific needs and goals. The average price per square foot for Retail Properties in Peoria is $243 USD, with an average size of 71,069 square feet. The largest Retail Property available in Peoria spans 628,963 square feet, offering ample space for retailers and entrepreneurs. In addition to Retail Properties, Peoria also offers a range of other investment opportunities, including Shopping Centers, Restaurants, Office Properties, and Hotels. The city's diverse economy and strong infrastructure make it an attractive location for businesses and investors alike. From the Peoria Riverfront Museum to the Grandview Drive, Peoria's unique blend of history, culture, and natural beauty makes it an ideal place to invest in Retail Properties.

What is the average cap rate for retail properties in Peoria?

When it comes to retail properties in Peoria, investors can expect an average cap rate of 6.88%, which is a key metric to consider when evaluating potential investments. To learn more about how cap rates work and what they mean for your investment strategy, check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.

How do location and foot traffic affect retail property values?

In Peoria, Illinois, the location and foot traffic of a retail property significantly impact its value. For instance, properties situated in high-traffic areas like Grandview Drive or near popular attractions like the Peoria Civic Center tend to command higher prices, with an average price per square foot of $243 USD and an average size of 71,069 square feet, compared to those in less busy areas.

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