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Listed by Michael Kolbus • RE/MAX Traders Unlimited
$ 3,100,000
Est. payment | /mo
46,620 SqFt
$ 3,100,000
Est. payment | /mo
46,620 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 46,620 sqft
Price per Sqft $66
MLS Listing ID PA1260449
Year Built 1966
Annual Tax Amount $86,604
Tax Year 2024
Lot Size 3.050 Acres
Acres 3.05
Property Sub-Type Commercial
Source rmlsa
Property Description
For the first time since its development, the Oak Cliff Park shopping center in Peoria, IL is being offered for sale. 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 multi-tenant buildings that are currently 86% leased. Oak Cliff Park is anchored by Monical's Pizza—operating on a long-term lease through 2033—alongside a diverse mix of medical, service and retail tenants. With traffic counts exceeding 25,000 vehicles per day and strong neighborhood positioning, Oak Cliff Park represents a compelling opportunity to acquire a high-visibility, cash-flowing retail investment with value-add potential in the heart of Peoria's commercial corridor.
Location
State IL
County Peoria
Area Paar Area
Zoning C-1
Direction Shopping Center on the corner of Knoxville & Lake Avenue. Entrances on both Knoxville & Lake
Interior
Fireplace N
Exterior
View true
Total Parking Spaces 172
Garage 1
Building
Faces Shopping Center on the corner of Knoxville & Lake Avenue. Entrances on both Knoxville & Lake
Others
Tax ID 14-21-454-001