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Pioneer Crossing | Former Shopko Plaza
 

 Investment Highlights:

  • Lender-Owned ±128,955 SF Multi-Tenant Retail Building
  • Abundant Parking Field at a Ratio of 5.0
  • Limited Retail Shopping Immediately Surrounding the Site
  • Household Incomes Nearly $98,000 Annually within a Three-Mile Radius
  • Size, Location, and Zoning Present a Multitude of Possible Adaptive or Conversion Uses
  • Central Location Between Chicago, Des Moines, Kansas City, St. Louis, and Indianapolis is Ideal for Distribution Operations
  • Walmart Center Positioned One Mile North and Three Shopping Corridors Located 1.5 to 3 Miles to the Northeast and Southwest

 
Friedman Real Estate and RealINSIGHT Marketplace are proud to present the sale of Pioneer Crossing (formerly Shopko Plaza), a ±128,955 SF multi-tenant retail building located at 2323-2411 West Pioneer Parkway in Peoria, Illinois. Constructed in 2000, the asset is comprised of six (6) retail spaces and is currently 8.43% leased to Dollar Tree (9,387 SF) and Amazing Nails & Spa (1,487 SF).

The retail center sits on a ±12.64 acre parcel at the northeast corner of North Allen Road and West Pioneer Parkway in an area with household incomes of nearly $98,000 within a three-mile radius. The retail center sits adjacent to an auto dealership and across an access drive from an 11-acre Citizens Equity Credit Union complex. Nearby retail clusters include a Walmart center one mile north and three major shopping corridors 1.5 to 3 miles to the northeast and southwest, with limited retail shopping immediately surrounding the subject.

The size of the building and parcel combined with its proximity and zoning offers a multitude of potential uses such as retail, warehousing, industrial, self-storage, truck staging, or distribution. Its central location between Chicago, Des Moines, Kansas City, St Louis, and Indianapolis is ideal for distribution operations.

The city of Peoria is located in central Illinois, ±130 miles southwest of Chicago and ±70 miles north of Springfield, Illinois, and is within about 100± miles of the Missouri border to its west and the Indiana border to its east. Area major employers include Caterpillar Inc., Advanced Technology Services, Peoria Public Schools, UnityPoint Health, SF Saint Francis Medical Center, and Walmart.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Pioneer Crossing (former Shopko Plaza)

2323 & 2411 West Pioneer Parkway, Peoria, IL 61615

Sold Subject To
  • Asset Type
  • Real Estate
  • Land Area
  • 12.64 Acres
  • Year Built
  • 2000
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Parking Count
  • 634
  • Occupancy
  • 8.43%
  • Occupancy as of
  • Aug 31, 2019
  • Retail Type
  • Neighborhood Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Vacant (former Shopko anchored)
  • Property Size
  • 128,955 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Cooperating Broker Fee Available!

    Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. If you are a broker, click here to login and identify your client.

  • Auctioneer

    1. Scott Bowers

      c/o Fisher Auction Company Inc.

      License: 040000273