Redevelopment Opportunity Industrial / Retail East Peoria IL
Retail | Vacant NNN | 9,450 SF
Marketing description
Retail | Vacant NNN | 9,450 SF
The offering presents the former Lumber Liquidators located on North Main Street in East Peoria, Illinois. The freestanding retail building consists of approximately 9,450 square feet and is situated on a 1.27-acre parcel with excellent visibility in a high-traffic commercial corridor.
The property is currently vacant and available for lease under a triple-net (NNN) lease structure. Under the prior lease, the tenant was responsible for roof, structure, windows, parking lot, utilities, taxes, and insurance, providing a clear framework for future leasing discussions. The asking annual rent is $84,000, and the property is available for immediate occupancy.
Originally built in 1960 and renovated in 2007, the building features brick fascia with metallic siding. The site is not located near industrial complexes and benefits from surrounding retail, dining, entertainment, and regional draws. With strong area demographics and proximity to major destinations including Par-A-Dice Casino and Bass Pro Shops, the property is well suited for retail, showroom, medical, or office users seeking a standalone building with strong exposure and NNN lease potential.
Potential Use:
- Retail Storefront
- Warehouse
- Self Storage
- Flex Space
- Showroom
- Distribution Center
- Cold Storage
- Industrial Warehouse
- Light Industrial
- Big Box Retail
- Warehouse Retail
- Mixed-Use Industrial
- Fulfillment Center
- Service Bay / Auto Service
- Building Supply / Home Improvement
- Wholesale Outlet
- Storage Facility
- Loading Dock Facility
Investment highlights
- Former Lumber Liquidators Freestanding Retail Building
- 9,450 SF Building on 1.27 Acres
- Triple Net (NNN) Lease Structure
- Lease Expired – Available to Lease Immediately
- Annual Rent: $84,000
- Excellent Visibility on North Main Street
- Brick Fascia & Metallic Siding Construction
- Built 1960 | Renovated 2007
- Approx. 12 On-Site Parking Spaces
- Surrounded by Retail, Dining, Entertainment, and Regional Anchors
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
