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    4700 N University St Peoria, IL 61614

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    For Lease
    $12 SF/Yr ($5,600 /Mo)

    Retail spaces available in Peoria's Metro Centre shopping center.

    Property size:
    5,600 SF
    Lot size:
    2.77 Acres

    Property Features for 4700 N University St

    General Information

    Size
    5,600 SF
    Lot size
    2.77 Acres

    Source: Joseph & Camper Commercial Agent Will Hayes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Peoria Retail Space For Lease

    Retail spaces are available for lease within Metro Centre, a shopping center established in 1971 in Peoria. The center aims to maintain a mix of national retailers alongside local and small businesses. Located centrally in Peoria, the property experiences traffic of 22,500 cars per day on University Street and 15,900 cars per day on Glen Avenue. Available spaces range from 1,100 square feet to 5,200 square feet, with the possibility of combining contiguous units to create up to 20,200 square feet. A former restaurant space of 5,600 square feet is available, which includes some remaining equipment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jimmy John's Caterer Nick-N-Willy's Pizza Peoria Pizza Restaurant Roger G Burke ... Jeweler Rocky Mountain Chocolate ... Chocolate Shop Mega Replay Peoria Video Game Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

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    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6087905
    Latitude
    40.7461251

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in Peoria's Metro Centre shopping center.
    Where is this shopping center located?
    The property is located at 4700 N University St Peoria, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location: 22,500 CPD on University and 15,900 CDP on Glen Ave.; - Flexible space options: Units range from 1,100 SF to 5,200 SF, combinable up to 20,200 SF.; - Established shopping center: Metro Centre is a longstanding Peoria destination since 1971.
    (309) 643-0717
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    4700 N University St Peoria, IL 61614
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    Peoria, IL 61614
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4700 N University St Peoria, IL 61614
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