midland plaza brochure 05-15-17 - loopnet · midland kewanee, illinois the story the april 8, 1970...

Building Communities with Shopping Centers Since 1970

Midland Plaza Shopping Center -- Groundbreaking. April 08, 1970

MidlandK e w a n e e , I l l i n o i s

Member Since 1970

www.cohendevelopment.com ( 3 0 9 ) 6 7 1 - 1 0 0 0



THE STORY

The April 8, 1970 front page news in Kewanee’s Star Courier was Midland Plaza - Kewanee’s first major shopping center.

Servicing Kewanee residents who would routinely drive to Galesburg or The Quad Cities or Peoria to shop, the new center’s developer, Robert Cohen of Peoria, Illinois, said “I look upon the center as a partner in the progress of all Kewanee”.

After 47 years, Midland Plaza today remains Kewanee’s largest shopping center, providing essential goods and services and entertainment for all of Kewanee, proud of its legacy of generating millions in sales and real estate tax revenues for the City of Kewanee while becoming part of the community of Kewanee.

Today, through the retail real estate company Cohen founded, the Midland Plaza Shopping Center success story continues. Existing stores are stable and flourishing. New stores will open soon. Future expansions and renovations are planned. And the largest and original Shopping Center in Kewanee is on track to continue as the largest and the best retail in Kewanee.

Part of the community. Part of its progress. Part of its future.

Springfield

St. Louis

30 miles 10 miles

60 miles

Kewanee

Chicago

Bloomington

Champaign

PeoriaGalesburg

Davenport

Member Since 1970

www.cohendevelopment.com ( 3 0 9 ) 6 7 1 - 1 0 0 0 Midland

K e w a n e e , I l l i n o i sBuilding Communities with Shopping Centers Since 1970

REGION (60 Mile Ring)

Population 1,158,150Workforce Population 580,187Median Age 43.6Average HH Income $ 75,916Median HH Income $ 57,149Home Ownership 67%

College or Greater 57.4%

TRADE AREA (30 Mile Ring)

Population 115,700Workforce Population 57,365Median Age 44.4Average HH Income $77,134Median HH Income $ 56,439Home Ownership 71.8%

College or Greater 54 %

KEWANEE METRO (10 Mile Ring)

Population 18,457Workforce Population 8,975Median Age 45Average HH Income $ 62,812Median HH Income $ 44,091Home Ownership 64.2%College or Greater 49.1 %

KEWANEE, ILLINOIS

2017 Population Density

Kewanee

Davenport

Rock Island

5 Miles

15 Miles

25 Miles

Galesburg

Princeton

Peoria

Chillicothe

Illinois River

MidlandKewanee, IL

34US

34US

78IL

78IL

Population DensityPer Square Mile

2017 Demographics Source: Scan/US 2017

Trade Area Metro Neighborhood MSA(25 Mi Radius) (15 Mi Radius) (5 Mi Radius)

Population 63,014 30,332 13,464 384,284

MED Age 44.5 45.2 45.4 39.8

AVG HH Income $74,556 $66,011 $60,065 $76,244

MED HH Income $54,922 $46,155 $42,655 $56,935

Home Ownership 70.0% 67.1% 62.5% 66.7%

College or greater 54.8% 49.9% 48.2% 59.8%

Workforce Population 31,029 14,844 6,476 195,114

Member Since 1970



Kewanee, Illinois -- Market Analysis

Member Since 1970




2017 Drive Time Map

Kewanee

Davenport

Rock Island

Galesburg

Princeton

Peoria

Chillicothe

Illinois River

MidlandKewanee, IL

34US

34US

78IL

78IL

2017 Drive Times Source: Scan/US 2017

45 Minutes 60 Minutes

Population 71,005 376,134

MED Age 44.57 43,83

AVG HH Income $72,581 $75,367

MED HH Income $52,338 $55,745

Home Ownership 68.58% 65.01%

College or greater 53.8% 58.5%

Workforce Population 34,898 185,768

Member Since 1970



Kewanee, Illinois -- Market Analysis

Member Since 1970




REIMAN’S

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Member Since 1970



Aerial View

Member Since 1970




Midland Plaza Shopping Center is strategically located at Kewanee’s only 100% retail corner -- the junction of Illinois Route 78 and US Route 34, directly across a six-lane intersection from Wal-Mart Supercenter and in Kewanee’s growing retail corridor. This proven site has exceptional visibility and accessibility.

Midland Plaza is the only super community centerin Kewanee, Illinois.

KEWANEE, ILLINOIS

Retail Concentration

SEC

ON

D S

TREE

T - 2

,950

AD

T

Kewanee High School

12,900 ADT

9,250 ADT7,400 ADT

5,400 ADT

LEATHER COATFACTORY OUTLET

EXCELLEDSHEEPSKIN & LEATHER

AMERICA’S FURNITURESHOWPLACE

REIMAN’SREIMAN’S

REGIONAL FAMILYHEALTH CENTER

Wethersfield High SchoolWethersfield Elementary School

Central Elementary School

Kewanee Central Business District

BNSF Railway

KEWANEEVETERINARY CLINIC

KEWANEEMEDICAL CLINIC

HENRY COUNTYHEALTH DEPARTMENT

Member Since 1970



AVAILABLE

Space A-2 5,941 Sq/Ft 40’ Frontage

Space B-2 2,200 Sq/Ft 66’ Frontage



Space B-8/9 2,992 Sq/Ft 39’ Frontage

Space B-11 659 Sq/Ft 20’ Frontage

Space C-3 3,133 Sq/FtFreestanding Pad - 42’ Storefront

Member Since 1970



LEASE PLAN


PROJECT DATA

143,672 S Q. FT.

PAULA'S HAIR DE S IGNE RS

AVAILABLE

LEASE LEGEND - TENANT SUMMARYTENA NT LEA S E AREA L OC ATION

G RO S S LEA S EA B LE ARE A (GLA) =

H & R B LOCKAVAILABLE

AVAILABLE

AVAILABLEMAURIC E 'S

IL DE PT. OF HUMAN S E RVIC ES

S TEPHE N L . RIDER D.D.S.

MENA RDS

DOLLAR GE NE RAL

AVAILABLE

AVAILABLE2,967 S Q.FT. B -5

659 S Q.FT.1,503 S Q.FT.2,992 S Q.FT. B -8/B -9

B -11B -10

2,894 S Q.FT.1,380 S Q.FT.2,200 S Q.FT.5,937 S Q.FT.

B -4B -3

B -1B -2

A-3A-4

A-2A-1

1,711 S Q.FT.1,520 S Q.FT.

SINBAD VAPORSAVAILABLE

B -6B -7

S E C RE TARY OF S TATE 1,810 S Q.FT. B -12

REN T-A-C E NTER A-5

S HOE SEN S ATIONS A-7G OODWILL (INC LUDING DOC K AREA) A-6

11,000 SQ .FT.5,929 S Q.FT.5,941 S Q.FT.

64,844 SQ .FT.

5,490 S Q.FT.

6,920 S Q.FT.9,310 S Q.FT.

ADVANC E AME RICANE W C HINA RE S TAURANT 3,900 S Q.FT.

1,632 S Q.FT.C -2C -1

3,133 S Q.FT. C -3

LEASE PLAN -- PROPOSED REDEVELOPMENT

Member Since 1970




for more information, please contact

Les Cohen – (309) [email protected]

44 '4

DOLLARG E NE R LAA

-2

A-3

A-5

A-6

A-7

C 2-

C 5-

B 1-

PROPOSED

PROPOSED

AVAILABLE

AVA

ILA

BLE

PRO

POSE

DC-

2

PRO

POSE

DC-

3

PROPOSEDC-4

C 6-PROPOSED

PROJECT DATA

134,734 S Q. FT.

LEASE LEGEND - TENANT SUMMARY

TENA NT LEA S E AREA LOC ATION

G RO S S LEA S EA B LE ARE A (GLA) =

AVAILABLEMAURIC E 'S

MENA RDS

DOLLAR GE NE RAL

25,300 SQ .FT. B -1

A-3A-4

A-2A-1

REN T-A-C E NTER A-5

S HOE SEN S ATIONS A-7G OODWILL (INC LUDING DOC K AREA) A-6

11,000 SQ .FT.5,929 S Q.FT.5,941 S Q.FT.

64,844 SQ .FT.

5,490 S Q.FT.

6,920 S Q.FT.9,310 S Q.FT.

E XIS TING B UILDING 3,133 S Q.FT. C -1

OUTLOT LE AS E AREA LOC ATION

PROPOS E D BUILDING 1,800 S Q.FT.PROPOS E D BUILDING 1,800 S Q.FT.PROPOS E D BUILDING 1,800 S Q.FT.

13,033 SQ. FT.G RO S S LEA S EA B LE ARE A (GLA) =

G RO S S LEA S EA B LE ARE A (GLA) =TOTAL S HO PPING C EN TER

147,767 SQ. FT.

PROPOS E D BUILDING

PROPOS E D BUILDING

2,100 S Q.FT. C -2PROPOS E D BUILDING 2,400 S Q.FT. C -3

C -4C -5C -6

midland plaza brochure 05-15-17 - loopnet · midland kewanee, illinois the story the april 8, 1970...

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