Oak Cliff Park Retail Center

$3,350,000

4410 Knoxville Avenue, Peoria, IL 61614

For Sale

Retail Neighborhood Center

Active

Last Updated: 10/17/2025

Details:

Cap Rate: 6.85%

Pro Forma Cap Rate : 7.72%

NOI: $229,354

Building Size: 46,620 sqft

Lot Area: 3.05 acres

Occupancy: 92%

Lease Type: Triple Net

Price Per Unit: $159,524

Zoning: C-1

Price Per Sqft: $72

Tenancy: Multiple

Year Built: 1965-1996

Parking Spots: 172

Year Last Renovated: 2025

Gross Leaseable Area: 43,980

Construction Status: Built

Parking Ratio: 3.91

Freight Elevator: No

Investment Strategy: Core Plus

Offered by Realtor

Michael Kolbus

Broker

RE/MAX Traders Unlimited

#475.213462

Request Info to Unlock

Highlights:

First Offering Since it's Original Development
Four (4) meticulously maintained buildings on a ~3-acre lot
92% Occupied | Eighteen tenants including retail, medical, dining, and service uses – anchored by Monical’s Pizza
Centrally located at Knoxville (IL-40) & Lake Ave, a signalized intersection with over 25,000 VPD

Description:

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.