801 W Lake Ave, Peoria, IL 61614

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±81,000 SF value-add shopping center situated in Peoria, IL. Subject property is shadow anchored by Kroger, Oak Street Health, & CubeSmart Self-Storage. ±67,000 SF is available for immediate lease-up. Excellent redevelopment opportunity and C-2 zoning permitting retail, office, medical, auto repair/sales, education, mixed-use – multifamily. Current national tenants include Dollar Tree & H&R Block (recently renewed their lease thru 2029). Outstanding surrounding demographics: ±115,000 people reside within 5-miles of the property with average annual household incomes greater than $70,000/year.

Peoria, IL, is a dynamic city along the Illinois River, blending rich history with a vibrant economy. Known for healthcare, manufacturing, and technology sectors, it offers diverse job opportunities. Its thriving arts scene, outdoor recreation, and strong sense of community make it an ideal place to live and work.

• Non-Contingent
• Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
• Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
• $10,000 Participation Deposit Required
• Close of Escrow: June 7, 2024

801 W Lake Ave, Peoria, IL 61614