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FREESTANDING RETAIL – FORMER WALGREENS 2515 N Knoxville Ave 13,382 SF of Retail Space Available in Peoria, IL 61604
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,382 SF | Negotiable | $16.93 CAD/SF/YR $1.41 CAD/SF/MO $226,555 CAD/YR $18,880 CAD/MO | Full Service |
1st Floor
This 13,500 SF freestanding, former Walgreens building, offers an exceptional repositioning opportunity in one of Peoria’s most established commercial corridors. Situated on 1.57 acres at the signalized intersection of Knoxville Avenue and McClure Avenue, the prominent corner is well suited for a wide variety of retail, medical, grocery, fitness, specialty, or service-oriented users. Features include an open floor plan and functional retail layout, 3 phase power with 800-amp service, a large storage area with overhead door, approximately 65 parking spaces, multiple points of ingress and egress, a two-lane drive-through, and outstanding visibility to more than 28,000 vehicles per day.
- Sublease space available from current tenant
- Rate includes utilities, building services and property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 13,382 SF | Gross Leasable Area | 13,500 SF |
| Property Type | Retail | Year Built | 1994 |
| Property Subtype | Drug Store | Parking Ratio | 4.3/1,000 SF |
| Total Space Available | 13,382 SF |
| Property Type | Retail |
| Property Subtype | Drug Store |
| Gross Leasable Area | 13,500 SF |
| Year Built | 1994 |
| Parking Ratio | 4.3/1,000 SF |
About the Property
This 13,500 SF freestanding, former Walgreens building, offers an exceptional repositioning opportunity in one of Peoria’s most established commercial corridors. Situated on 1.57 acres at the signalized intersection of Knoxville Avenue and McClure Avenue, the prominent corner is well suited for a wide variety of retail, medical, grocery, fitness, specialty, or service-oriented users. Features include an open floor plan and functional retail layout, 3 phase power with 800-amp service, a large storage area with overhead door, approximately 65 parking spaces, multiple points of ingress and egress, a two-lane drive-through, and outstanding visibility to more than 28,000 vehicles per day. Area Description Located at the hard corner of N. Knoxville Avenue and McClure Avenue, just north of downtown Peoria. The property is situated along Knoxville Avenue/Illinois Route 40, a main north-south corridor with convenient access to I-74 and War Memorial Drive. The surrounding area includes established residential neighborhoods, healthcare facilities, restaurants, retailers, and service businesses. The location offers good visibility and convenient access to the surrounding Peoria market.
- Pylon Sign
- Drive Thru
Nearby Major Retailers
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FREESTANDING RETAIL – FORMER WALGREENS | 2515 N Knoxville Ave
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