Shopping Centers in Peoria, Illinois, offer a unique investment opportunity for those looking to capitalize on the city's rich history and diverse economy. As the oldest permanent European settlement in the state, Peoria has a strong foundation for businesses to grow and thrive. Shopping Centers, in particular, represent a versatile investment option, encompassing a range of retail spaces, restaurants, and specialty stores. Whether you're looking to invest in a single-tenant property or a multi-tenant complex, Peoria's Shopping Centers provide a solid foundation for your investment portfolio. The city's amenities, infrastructure, and location make it an attractive destination for businesses and residents alike. With institutions like Illinois Central College and Bradley University, Peoria offers a well-educated workforce, while its scenic beauty, cultural attractions, and outdoor recreational opportunities make it an appealing place to live and visit. Additionally, the city's proximity to major transportation hubs, including the General Wayne A. Downing Peoria International Airport and the Greater Peoria Mass Transit District, ensures easy access to regional and national markets.
Peoria's Shopping Centers are just one aspect of the city's diverse commercial landscape. With 3 Shopping Centers available for sale, investors have a range of options to choose from. In addition to Shopping Centers, Peoria is also home to a variety of other commercial properties, including Restaurants, Specialty Properties, Land, and Office Properties. The city's Restaurants, for example, offer a unique blend of local flavor and national chains, while its Specialty Properties provide a range of niche retail and service opportunities. Land investors will appreciate Peoria's available parcels, ripe for development, while Office Properties offer a range of spaces for businesses of all sizes. Whatever your investment goals, Peoria's commercial properties have something to offer. With its strong economy, rich history, and diverse cultural attractions, Peoria is an attractive destination for businesses and investors alike.
What is the average cap rate for shopping centers in Peoria?
The average cap rate for shopping centers in Peoria is 6.11%, making it an attractive investment opportunity for those looking to capitalize on the city's diverse economy and strong retail sector.
