5,219 SF freestanding commercial building on 1.07 acres for lease in Peoria IL .
Located at the entrance to the Shoppes at Grand Prairie, an open-air lifestyle retail center in Northwest Peoria.
Two walk in coolers, one walk in freezer, hood with Ansul system, grease trap and other equipment available but not warranted.
3 phase 400 Amp electrical service.
Currently set up for seating for up to 160.
The Shoppes is anchored by Dick’s Sporting Goods, Marshalls, HomeGoods, Planet Fitness and Hy-Vee Supermarket among 50 other specialty stores and restaurants.
Property was formerly occupied by a BBQ restaurant with some prior equipment still in place for a new user.
Excellent visibility from War Memorial Drive.
PLAZA AT GRAND PRAIRIE PH II SW 1/4 SEC 11-9N-7E LOT 16
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.