4200 N Sterling Ave

4200 N Sterling Ave, Peoria, IL 61615

Property Information

  • For Sale $2,700,000
  • Property Type Retail
  • Property Size 3,709 SF
  • Lot Size 1.24 Acre
  • Cap Rate % 5
  • NOI / YR $135,000.00
  • Date Updated Jul 6, 2026

Description

Top-performing location in Illinois and nationwide since opening; contact broker for details » Absolute NNN ground lease with zero landlord responsibilities » Long-term 15-year lease » 2025 construction » $6.6M average unit volume (AUV) — the 2nd highest among the QSR Top 50, trailing only Chick-fil-A » This is the only Raising Cane’s location within a 40-mile radius » Outparcel to Northwoods Mall, the largest enclosed shopping center in the tri-county area » Signalized hard-corner position along North Sterling Avenue (31,500 VPD) » Immediate access to Interstate 74 (32,500 VPD) and US Highway 150 (40,900 VPD) » 115,000+ residents within a 5-mile radius » Average household income exceeding $85,000 within a 3-mile radius » Surrounded by national retailers, including Target, Lowe’s, T.J. Maxx, Ross, Burlington, Ulta, Petco, Michaels, and Binny’s Beverage Depot » Located within the Peoria MSA’s primary employment corridor, home to the region’s three largest employers: OSF HealthCare (13,500+ employees), Caterpillar Inc. (12,000+ employees), and UnityPoint Health (~5,000 employees

Contacts

Location

Located at 4200 N Sterling Ave, Peoria, IL 61615, this property is part of the Central Peoria neighborhood and Chicago market.

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