Oak Cliff Park 4 biens | À vendre | 2 674 897 € | Peoria, IL

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 buildings that were constructed in stages between 1966 and 1996.
The center has been meticulously maintained and has recently benefited from substantial capital improvements, including a full exterior repaint, concrete repairs, fresh re-blacktopping of the parking lot, and extensive new landscaping. Currently 94% occupied with only two vacancies, Oak Cliff Park is home to 19 tenants (anchored by Monical’s Pizza operating on a lease through 2033) alongside a diverse mix of medical, service, and retail tenants.
The Property currently generates a NOI of approximately $262,000 with in-place rents averaging $9.60/SF, well below market rates in this corridor. 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.