Contacts
RE/MAX Traders Unlimited
RE/MAX Traders Unlimited
RE/MAX Traders Unlimited
Property Details
- Property Type Retail
- Property Size 46,620 SF
- Lot Size 3.05 Acre
- # of Floors 1
- Parking Spaces Avail. 172
- Property Tenancy Multi-Tenant
- Year Built 1966
- Year Renovated 2025
- Date Updated Aug 27, 2025
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 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.
The property currently generates a NOI of approximately $230,000 with in-place rents averaging $9.21 per square foot, well below market rates in this corridor, offering 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 a compelling opportunity to acquire a high-visibility, cash-flowing retail investment with value-add potential in the heart of Peoria’s commercial corridor.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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54/100
Walk Score ®
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33/100
Transit Score ®
-
35/100
Bike Score ®
Location
- City Peoria, IL
- Neighborhood Central Peoria
- Zip Code 61614
Points of Interest
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BP
0.99 miles
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Shell
1.16 miles
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Circle K
2.09 miles
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BP Gas Station/Red Carpet Carwash/Convenience Store
3.07 miles
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Tesla Motors Destination Charger
3.47 miles
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Casey's
3.52 miles
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Gas
3.63 miles
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Tesla Supercharger
4.16 miles
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ChargePoint
4.28 miles
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Chargepoint Level 2 EV Charger
7.83 miles
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OSF North Parking Deck
2.54 miles
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Parking for UnityPoint Methodist Hospital
2.64 miles
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Medi-Park 3
2.67 miles
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Service parking for UnityPoint Methodist Hospital
2.70 miles
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Delivery Parking for UnityPoint Methodist Hospital
2.72 miles
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Medi-Park 2
2.73 miles
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Parking for the UnityPoint Methodist Hospital Emergency Room
2.74 miles
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Morton Park Parking
2.75 miles
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Parking for employees of UnityPoint Methodist Hospital
2.76 miles
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Additional parking for the UnityPoint Methodist ER
2.79 miles
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Lou's Drive-In
0.13 miles
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DQ Grill & Chill
0.53 miles
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Sweet Basil Cafe of Peoria
0.58 miles
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LaGondola & Leonardo's
0.77 miles
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The Other Dawg
0.81 miles
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Jimmy John's
0.94 miles
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Culver's
1.04 miles
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Wingstop
1.06 miles
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Noodles & Company
1.07 miles
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Qdoba
1.08 miles
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Kroger
0.61 miles
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Schnucks
0.99 miles
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ALDI
1.28 miles
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Walmart
1.47 miles
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JCPenney
1.87 miles
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Northwoods Mall
1.88 miles
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Target
2.28 miles
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Shop 'n Save
2.37 miles
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Swagat
2.57 miles
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Kohl's
3.94 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
