Listing Agency: Maloof Commercial Real Estate

Listed By: Jason Miller · License #IL 475164113 Show Phone

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:24AM

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Investment Insights

Based on property information with market context.

This retail space is configured as a laundromat and is offered for sale. The property is located at 1008 N University St in Peoria, Illinois 61606.

Key Highlights

• Laundromat use
• Retail space offered for sale
• Located at 1008 N University St, Peoria, IL 61606

Property Analytics

Property Profile

Current Use

Squeaky Clean Laundry ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Building Supply Auto Parts Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

739

Businesses Nearby

45k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 43%

Starbucks Dining

10,423 visits/mo 0.1 miles

Shell Shops & Services

9,477 visits/mo 0.1 miles

Dollar Tree Shops & Services

7,855 visits/mo 0.1 miles

SUBWAY Dining

6,306 visits/mo 0.1 miles

Jimmy John's Dining

3,440 visits/mo 0.1 miles

Demographics for 61606, IL

6,798

Population

2,898

Households

2.3

Avg Household Size

26

Median Age

40%

College-Educated

92%

High-School Grad

1.2 sq mi

ZIP Area

5,665

Density / Sq Mi

$41,023

Median Household Income

$14,738

Median Earnings

$907

Median Rent

$119,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Commercial retail space configured for laundry operations and offered for sale.

Where is this retail space located?

The property is located at 1008 N University St Peoria, IL.

What are key features of this property?

This property features: Laundromat use; Retail space offered for sale; Located at 1008 N University St, Peoria, IL 61606