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Oak Cliff Park 4 Properties Offered at $3,350,000 in Peoria, IL
INVESTMENT HIGHLIGHTS
- First Offering Since it's Original Development
- 92% Occupied | Eighteen tenants including retail, medical, dining, and service uses – anchored by Monical’s Pizza
- Four (4) meticulously maintained buildings on a ~3-acre lot
- Centrally located at Knoxville (IL-40) & Lake Ave, a signalized intersection with over 25,000 vehicles per day.
EXECUTIVE SUMMARY
REMAX Traders Unlimited has been retained exclusively to sell, for the first time since its development, the Oak Cliff Park shopping center in Peoria, IL (the “Property”). The Property is a 46,620 SF neighborhood retail center with an additional land component, strategically positioned at the signalized intersection of Knoxville Avenue (IL-40) and Lake Avenue. Situated on 3.05 acres with 172 surface parking spaces, the Property consists of four meticulously maintained buildings that are currently 92% leased (i.e. three vacancies). Oak Cliff Park is anchored by Monical’s Pizza —operating on a lease through 2033— alongside a diverse mix of medical, service and retail tenants.
Immediate upside potential through lease-up of remaining vacancy and rent growth upon renewal. With traffic counts exceeding 25,000 vehicles per day and strong neighborhood positioning, Oak Cliff Park represents an opportunity to acquire a high-visibility, cash-flowing investment in the heart of Peoria.
Immediate upside potential through lease-up of remaining vacancy and rent growth upon renewal. With traffic counts exceeding 25,000 vehicles per day and strong neighborhood positioning, Oak Cliff Park represents an opportunity to acquire a high-visibility, cash-flowing investment in the heart of Peoria.
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $3,350,000 | Number of Properties | 4 |
| Price / SF | $76.17 / SF | Individually For Sale | 0 |
| Cap Rate | 6.87% | Total Building Size | 43,980 SF |
| Sale Type | Investment | Total Land Area | 3.04 AC |
| Status | Active |
| Price | $3,350,000 |
| Price / SF | $76.17 / SF |
| Cap Rate | 6.87% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 43,980 SF |
| Total Land Area | 3.04 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| N Knoxville Ave, Peoria, IL 61614 | Land | 0.25 AC | - | - |
| 121 E Lake Ave, Peoria, IL 61614 | Retail | 22,145 SF | 1966 | - |
| 4408-4410 N Knoxville Ave, Peoria, IL 61614 | Retail | 13,915 SF | 1976 | - |
| 201 E Lake Ave, Peoria, IL 61614 | Retail | 7,920 SF | 1996 | - |
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Oak Cliff Park
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