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.
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 an opportunity to acquire a high-visibility, cash-flowing investment in the heart of Peoria.