Retail Property at 4410 North Knoxville Avenue Listed by Michael Kolbus
$2,825,000
4410 North Knoxville Avenue, Peoria, IL 61614
46,620 SF
Square Feet
$61
PPSF
8.66%
CAP
Property Description
NOI
$244,578
Cap Rate
8.66%
Oak Cliff Park is a 46,620 SF neighborhood retail center positioned at the signalized intersection of Knoxville Avenue (IL-40) and Lake Avenue. Situated on 3.05 acres with 172 parking spaces, the property consists of four meticulously maintained buildings that are currently 92% occupied. Oak Cliff Park has 18 current tenants (anchored by Monical’s Pizza operating on a lease through 2033) alongside a diverse mix of medical, service and retail tenants.
Property Details
Asset Type
Retail
Year Built
1996
Zoning
C-1
Acres
3.05
Neighborhood
Peoria
Submarket
Peoria
ZIP
61614
Renovated
2024
Listing Type
sale
Net Operating Income (NOI)
$388,023
Debt Service Coverage Ratio (DSCR)
2.41x
Cap Rate
13.74%
Cash Flow (Annual)
$227,319
Cash-on-Cash Return
32.19%
Monthly Debt Service
$13,392
Annual Debt Service
$160,703
View on Map
Address
4410 North Knoxville Avenue
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Peoria Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.
