Thunderbird Commerce Park

Acreage

12.32 acres

Building Size

154,000 SF

Zoning

I-1 Light Industrial

Thunderbird Commerce Park is a 154,000-square-foot flex industrial property in East Peoria, Illinois, leased across 36 suites to 30 tenants, including publicly traded anchor tenants Ferguson, SiteOne Landscape Supply, Hawkins, and NuMotion. The park is currently 63% leased on a triple-net basis with a weighted average lease term of 2.48 years and in-place rents approximately 37% below submarket averages. An undeveloped lot on-site can accommodate up to 12,000 square feet of new construction or serve as laydown and staging area. The property sits 1.5 miles from Interstate 74, with daily traffic exceeding 59,000 vehicles, and half a mile from the US-150 and US-24 interchange. This strategic location provides direct access throughout Central Illinois and the broader Midwest, with approximately 80% of the U.S. population reachable within a two-day drive. The East Peoria industrial submarket reports effectively zero vacancy, supported by major regional employers including Caterpillar, Komatsu, Carle Health, and OSF HealthCare. Staggered lease expirations and below-market rents create opportunity for income optimization as tenants renew or roll, while the property's stable occupancy history and diversified tenant base provide immediate cash flow. The site's strong regional connectivity, supply-constrained market fundamentals, and available development capacity position it as a flexible platform for conversion or repositioning within a high-demand logistics corridor.