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    7501 N University St Peoria, IL 61614

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    For Lease
    $1,300 /Mo ($14 SF/Yr)

    Retail and office spaces available in high-traffic location.

    Property size:
    1,089 SF
    Lot size:
    6.17 Acres

    Property Features for 7501 N University St

    General Information

    Size
    1,089 SF
    Lot size
    6.17 Acres

    Source: Maloof Commercial Agent Jason Miller

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

    Overview

    Retail/Office Building with Ample Parking

    This retail and office building on North University offers multiple spaces for lease, ranging from 120 to 3,904 square feet. The 65,000-square-foot property features both street-level and garden-level spaces suitable for retail and office use. With a high-traffic location on University Street experiencing 16,400 cars per day, the building provides abundant parking with over 172 spaces on site. The property currently houses approximately 33 tenants and has an excellent tenant history, with numerous tenants having been there for 15 years or more. The available space is 1,089 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Illinois Alcohol & Drug ... Addiction Treatment Center Dukes Business Consulting Business Management Consultant Sylvan Learning of Peoria Tutoring Service Armstrong James L ... Dentist Barkley Connie Dentist

    Suggested Use

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

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

    Similar Places Nearby

    Glen Plaza, Metro Centre, Glen Haven Shopping Center, Glen Knoll Centre, University Square Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6229016
    Latitude
    40.7789016

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    FAQs

    What type of property is this?
    Shopping center - Retail and office spaces available in high-traffic location.
    Where is this shopping center located?
    The property is located at 7501 N University St Peoria, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location on University Street (16,400 CPD); - Abundant parking with over 172 spaces; - Multiple spaces available for lease, ranging from 120 SF to 3,904 SF
    (309) 693-3000
    Request Owner's contact information
    7501 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
    7501 N University St Peoria, IL 61614
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