REIT Sale | Former AMC Cinema | 44,281 SF | Peoria MSA

Highlights:

• 44,281 SF Former AMC Cinemas on Expansive 17.51 AC Parcel in North Pekin, IL; 15-Minutes from Peoria
• Highway Frontage on IL-98 and less than ½ Mile from IL-29 with 21K VPD Traffic Counts
• Strategic Location Near I-474 offering Easy Access to Peoria, East Peoria, Pekin, Creve Couer, and Morton – all within 15 minutes
• Favorable B-1, Business and Commercial Zoning with Flexible Uses Permitted including Retail, Hotel, Restaurant, Medical, Office, and more
• Attractive Demographics with 5-Mile Population of ±61,040 and Average Household Income of ±$78,654
• Absolute $1 Auction - NO RESERVE

Description:

Ri Marketplace Online Auction November 3-5, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2786/reit-sale-former-amc-cinema-44-281-sf-peoria-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2786

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 1124 Edgewater Drive in North Pekin, IL 61554 (the “Property”). Formerly occupied by AMC and operated as Showplace Pekin 14, the Property is being offered significantly below replacement cost, creating an exceptional opportunity for owner-users or investors to secure a flexible commercial asset in the Peoria MSA at a substantial discount. FIRST BID MEETS RESERVE!

Built in 1999, the Property comprises a one-story, ±44,281 SF building that previously operated as a 14-screen AMC theater, each auditorium equipped with full sound, lighting, and projection systems. The site spans an expansive ±17.51-acre parcel with ±692 parking spaces (15.63 spaces per 1,000 SF) and convenient ingress/egress along Edgewater Drive (IL Route 98), a primary arterial road with traffic counts of ±3,028 VPD. This former AMC offers investors or owner-users significant value-add potential, with opportunities to reposition the asset for retail, entertainment, or commercial use. Flexible B-1 Business and Commercial District zoning allows a wide range of adaptive reuse strategies. With CoStar-estimated retail rents in the ±$10–$14/SF NNN range, the Property presents a compelling opportunity to acquire a large-format commercial building at a fraction of replacement cost with strong long-term upside.

Positioned within Tazewell County, the Village of North Pekin offers the advantages of a smaller community while benefiting from proximity to Central Illinois’ largest employment, healthcare, and cultural hub. The Peoria area is anchored by major employers including Caterpillar Inc., OSF Healthcare, UnityPoint Health, and Komatsu, creating a broad and stable economic base that supports long-term consumer demand. This former AMC Showplace is strategically located along Edgewater Drive (IL Route 98), a primary arterial in North Pekin that connects directly to Pekin and the greater Peoria metro area. The Property sits within ±0.5-Mi of IL-29 and less than ±3-Mi from I-474, offering seamless regional access to Peoria (±10-Mi north), Bloomington-Normal (±45-Mi east), and Springfield (±65-Mi south). Nearby demand drivers include Pekin High School (±2-Mi), UnityPoint Health Pekin (±3-Mi), and a strong mix of national retailers such as Walmart Supercenter, Menards, Kroger, and Kohl’s, which collectively draw steady traffic to the area. Recreational and cultural amenities including the Illinois River, Pekin Park District, and the Peoria Civic Center enhance overall quality of life and regional visitation. Notably, the nearest competing multiplex theaters are AMC Sunnyland 10 in Washington (±12-Mi, ±22-Min drive) and GQT Willow Knolls in Peoria (±15.6-Mi, ±20-Min drive), underscoring the Property’s unique positioning within the market. The Property is located within a stable trade area of over 25,000 residents within ±3-Mi and more than 61,000 people within ±5-Mi—with an average household income (AHHI) of ±$78,654—providing a solid consumer base to support retail, entertainment, and commercial uses.


Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

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