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1800 N Knoxville Ave
Peoria, IL 61603
Midtown Shopping Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- BELOW MARKET IN PLACE RENTS | 2.4 YEAR WALT
- DOMINANT MEDICAL SYSTEM SHADOW ANCHOR | OSF HEALTHCARE
- 1.5 MILES FROM DOWNTOWN PEORIA | 76% INCREASE IN DAYTIME POPULATION
- DIVERSE TENANT LINEUP & INCOME STREAM
- DIRECT EXPOSURE TO KNOXVILLE ROAD | PROXIMITY TO INTERSTATE 74
EXECUTIVE SUMMARY
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in 1800 Knoxville Avenue, Peoria, IL. The offering represents an opportunity to acquire a 100% occupied 7-unit retail building with direct exposure to Knoxville Avenue.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
8,900 SF
Building Class
B
Year Built
2005
Price
$1,640,000
Price Per SF
$184.27
Cap Rate
6.69%
NOI
$109,692
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.02
Lot Size
9.00 AC
Zoning
C-1
Parking
616 Spaces (69.21 Spaces per 1,000 SF Leased)
Frontage
822’ on N Knoxville Ave
AMENITIES
- Freeway Visibility
- Pylon Sign
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $228,150 | |
| Land Assessment | $101,000 | Total Assessment | $329,150 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$101,000
Improvements Assessment
$228,150
Total Assessment
$329,150
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