Midland - images1.loopnet.com...to Galesburg or The Quad Cities or Peoria to shop, the new...
Transcript of Midland - images1.loopnet.com...to Galesburg or The Quad Cities or Peoria to shop, the new...
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
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Building Communities with Shopping Centers Since 1970MidlandK e w a n e e , I l l i n o i s
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 49 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.
Member Since 1970
Spring�eld
St. Louis
30 miles 10 miles
60 miles
Kewanee
Chicago
Bloomington
Champaign
PeoriaGalesburg
Davenport
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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 1,146,988Workforce Population 569,149Median Age 43.8Average HH Income $ 78,206Median HH Income $ 58,562Home Ownership 67%
College or Greater 57.4%
TRADE AREA (30 Mile Ring)
Population 118,918Workforce Population 57,600Median Age 44.6Average HH Income $77,459Median HH Income $ 57,244Home Ownership 72.0%
College or Greater 56.1 %
KEWANEE METRO (10 Mile Ring)
Population 18,705Workforce Population 8,798Median Age 45.1Average HH Income $ 63,261Median HH Income $ 45,226Home Ownership 64.9k%College or Greater 50.1 %
*Scan/US 2018
KEWANEE, ILLINOIS
Member Since 1970
2018 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
2018 Demographics Source: Scan/US 2019
Trade Area Metro Neighborhood MSA(25 Mi Radius) (15 Mi Radius) (5 Mi Radius)
Population 62,583 29,969 13,445 382,594
MED Age 44.7 45.1 45.1 39.8
AVG HH Income $76,156 $67,805 $59,439 $78,491
MED HH Income $56,117 $47,511 $42,331 $58.651
Home Ownership 70.6% 67.4% 63.3% 67.1%
College or greater 56.1% 50.9% 48.0% 60.8%
Workforce Population 30,093 14,305 6,224 192,682
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K e w a n e e , I l l i n o i sBuilding Communities with Shopping Centers Since 1970
Kewanee, Illinois -- Market Analysis
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Building Communities with Shopping Centers Since 1970MidlandK e w a n e e , I l l i n o i s
Member Since 1970
2018 Drive Time Map
Kewanee
Davenport
Rock Island
Galesburg
Princeton
Peoria
Chillicothe
Illinois River
MidlandKewanee, IL
34US
34US
78IL
78IL
2018 Drive Times Source: Scan/US 2019
10 Minutes 30 Minutes 60 Minutes
Population 12,283 29,323 379,105
MED Age 43.1 44.8 43.8
AVG HH Income $58,550 $67,534 $76,081
MED HH Income $41,645 $47,582 $56,062
Home Ownership 62.4% 67.2% 64.3%
College or greater 48.0% 51.0% 59.2%
Workforce Population 5,721 14,013 184,870
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K e w a n e e , I l l i n o i sBuilding Communities with Shopping Centers Since 1970
Kewanee, Illinois -- Market Analysis
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Building Communities with Shopping Centers Since 1970MidlandK e w a n e e , I l l i n o i s
Member Since 1970
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’S
REGIONAL FAMILYHEALTH CENTER
Wethersfield High SchoolWethersfield Elementary School
Central Elementary School
Kewanee Central Business District
BNSF Railway
KEWANEEVETERINARY CLINIC
PREFERRED HOMEHEALTH CARE
KEWANEEMEDICAL CLINIC
HENRY COUNTYHEALTH DEPARTMENT
© 2019 Cohen Development Company
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K e w a n e e , I l l i n o i sBuilding Communities with Shopping Centers Since 1970
Aerial View
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Building Communities with Shopping Centers Since 1970MidlandK e w a n e e , I l l i n o i s
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.
Member Since 1970
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’S
REGIONAL FAMILYHEALTH CENTER
Wethersfield High SchoolWethersfield Elementary School
Central Elementary School
Kewanee Central Business District
BNSF Railway
KEWANEEVETERINARY CLINIC
PREFERRED HOMEHEALTH CARE
KEWANEEMEDICAL CLINIC
HENRY COUNTYHEALTH DEPARTMENT
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
© 2019 Cohen Development Company
Member Since 1970
AVAILABLE
Space A-2 5,941 Sq/Ft 40’ Frontage Space B-1 5,937 Sq/Ft 74’ Frontage
Space B-2 2,200 Sq/Ft 66’ Frontage
Space B-4 2,945 Sq/Ft 30’ Frontage
Space B-6 1,711 Sq/Ft 23’ Frontage
Space B-7 1,520 Sq/Ft 20’ Frontage
Space B-8/9 2,992 Sq/Ft 39’ Frontage
Space B-11 659 Sq/Ft 20’ Frontage
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Building Communities with Shopping Centers Since 1970
LEASE PLAN
MidlandK e w a n e e , I l l i n o i s
PROJECT DATA
143,672 S Q. FT.
REG ULAR SPA C ES
3.77 / 1000 S Q. FT.
DIS ABL EDTOTAL =
RA TIO =
53012
542
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 BLOCKAVAILABLE
AVAILABLEMAURIC E 'S
S TEPHE N L . RIDER D.D.S.
MENA RDS
DOLLAR GENE RAL
AVAILABLEAVAILABLE
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 VAPORS
AVAILABLEAVAILABLE B-6
B-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 SENSATIONS 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
MIDLAND SHOPPING CENTER:
PARKING DATA
Member Since 1970
LEASE PLAN -- PROPOSED REDEVELOPMENT
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Building Communities with Shopping Centers Since 1970MidlandK e w a n e e , I l l i n o i s
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
PENDING
C-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 BLE 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 BUILDING 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 BLE ARE A (GLA) =
G RO S S LEA S EA BLE 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
Member Since 1970