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4150 N Sterling Ave 1.53 Acres of Commercial Land Offered at $2,450,106 CAD in Peoria, IL 61613

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Investment Highlights

  • Prime 1.535-acre outparcel at Northwoods Mall in Peoria’s leading retail corridor
  • Flexible development options for multi-tenant retail or ground lease
  • Strong food synergy with Portillo’s, Chipotle, Chick-fil-A, Panera, & Mission BBQ
  • Exceptional visibility and access from North Sterling Avenue and Highway 74
  • Surrounded by top national brands including Portillo’s, Chick-fil-A, and Chipotle
  • Strong trade area demographics with over 120,000 residents within five miles

Executive Summary

This high-profile 1.535-acre outparcel at Northwoods Mall offers a prime investment opportunity in the heart of Peoria’s dominant retail corridor. Positioned at the epicenter of the city’s primary regional retail node, the site benefits from exceptional visibility and strong traffic counts along North Sterling Avenue and War Memorial Drive, with easy access to Highway 74. The property is surrounded by a robust mix of national retailers and dining establishments, including Portillo’s, Chipotle, Chick-fil-A, Panera, and Mission BBQ, creating a powerful synergy for future development.

Property Facts

Price $2,450,106 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Total Lot Size 1.53 AC

1 Lot Available

Lot

Price $2,450,106 CAD
Price Per AC $1,601,376.53 CAD
Lot Size 1.53 AC

High-profile 1.535-acre outparcel at Northwoods Mall

Description

The site is ideally suited for a proposed multi-tenant retail building or ground lease configuration, offering flexibility for investors seeking long-term value in a thriving trade area. With a sale price of $1,800,000, this parcel provides a rare chance to secure a strategic location adjacent to Northwoods Mall, which features major anchors such as JCPenney and Hibbett Sports. The surrounding trade area boasts strong demographics, including a population of over 120,000 within five miles and a median household income exceeding $62,000. This combination of visibility, accessibility, and consumer demand positions the property as a compelling acquisition for developers and retail investors alike.

  • Listing ID: 31557270

  • Date on Market: 2024-04-19

  • Last Updated:

  • Address: 4150 N Sterling Ave, Peoria, IL 61613

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