Oak Cliff Park Shopping Center

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 multi-tenant buildings that are currently 94% leased. Oak Cliff Park is anchored by Monical’s Pizza—operating on a long-term lease through 2033—alongside a diverse mix of medical, service and retail tenants.

The property currently generates a NOI of approximately $262,000 with in-place rents averaging $9.60 per square foot, well below market rates in this corridor, offering 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 a compelling opportunity to acquire a high-visibility, cash-flowing retail investment with value-add potential in the heart of Peoria’s commercial corridor.