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Building Communities with Shopping Centers Since 1970 Midland Plaza Shopping Center -- Groundbreaking. April 08, 1970 Mid land Kewanee, Illinois

Midland - images1.loopnet.com...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

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Page 1: Midland - images1.loopnet.com...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

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

Page 2: Midland - images1.loopnet.com...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

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

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

Page 3: Midland - images1.loopnet.com...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

Spring�eld

St. Louis

30 miles 10 miles

60 miles

Kewanee

Chicago

Bloomington

Champaign

PeoriaGalesburg

Davenport

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 1,146,988Workforce 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

Page 4: Midland - images1.loopnet.com...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

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

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

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

Page 5: Midland - images1.loopnet.com...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

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

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

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

Page 6: Midland - images1.loopnet.com...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

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

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

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

Page 7: Midland - images1.loopnet.com...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

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

Page 8: Midland - images1.loopnet.com...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

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

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

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

Page 9: Midland - images1.loopnet.com...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

LEASE PLAN -- PROPOSED REDEVELOPMENT

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

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