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2231 W Glen Ave 2,484 SF 100% Leased Retail Building Peoria, IL 61614 $1,150,000 ($462.96/SF)
INVESTMENT HIGHLIGHTS
- Free-standing building in a high-traffic retail corridor
- Surrounded by major national retailers and Northwoods Mall
- Modern construction offering turnkey or redevelopment potential
- Fully built out with kitchen equipment and drive-thru
- Quick access to Route 150 and strong regional connectivity
EXECUTIVE SUMMARY
Positioned in the heart of Peoria’s vibrant retail corridor, this free-standing former quick-service restaurant offers an exceptional opportunity for an owner-user or investor seeking a prime redevelopment site. Built in 2020 and fully equipped, the property features a drive-thru and a complete kitchen setup, enabling a seamless transition for food service operators or creative repurposing for alternative retail concepts.
The site boasts excellent visibility and convenient access just off Route 150, ensuring strong traffic flow and connectivity to major thoroughfares. Surrounding national retailers such as Target, Lowe’s, TJ Maxx, PetSmart, CVS, and Northwoods Mall create a high-traffic environment and a strong consumer draw. Peoria, a centrally located city in Illinois with a population of approximately 111,700, offers a stable economic base and a growing retail market, making this location highly desirable in a competitive landscape.
With a generous 0.78-acre lot and modern construction, this property is ideal for businesses seeking a strategic foothold in a market that is challenging to penetrate. Whether continuing as a QSR or reimagining the space for a new concept, this asset delivers flexibility, visibility, and long-term value.
The site boasts excellent visibility and convenient access just off Route 150, ensuring strong traffic flow and connectivity to major thoroughfares. Surrounding national retailers such as Target, Lowe’s, TJ Maxx, PetSmart, CVS, and Northwoods Mall create a high-traffic environment and a strong consumer draw. Peoria, a centrally located city in Illinois with a population of approximately 111,700, offers a stable economic base and a growing retail market, making this location highly desirable in a competitive landscape.
With a generous 0.78-acre lot and modern construction, this property is ideal for businesses seeking a strategic foothold in a market that is challenging to penetrate. Whether continuing as a QSR or reimagining the space for a new concept, this asset delivers flexibility, visibility, and long-term value.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,484 SF
Building Class
C
Year Built
2017
Price
$1,150,000
Price Per SF
$462.96
Percent Leased
100%
Building Height
1 Story
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-19-256-047 | Improvements Assessment | $212,220 |
| Land Assessment | $56,460 | Total Assessment | $268,680 |
PROPERTY TAXES
Parcel Number
14-19-256-047
Land Assessment
$56,460
Improvements Assessment
$212,220
Total Assessment
$268,680
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2231 W Glen Ave
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