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    5001-5003 N University St Peoria, IL 61614

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    For Lease
    $8 SF/Yr ($6,516 /Mo)

    9,200 SF retail space in busy Peoria location.

    Property size:
    9,200 SF
    Lot size:
    4.44 Acres

    Property Features for 5001-5003 N University St

    General Information

    Size
    9,200 SF
    Lot size
    4.44 Acres

    Source: Joseph & Camper Commercial Agent Will Hayes

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

    Overview

    Retail Space in University Square

    This 9,200 square feet retail space is available for lease within the University Square Shopping Center, a 50,000 square feet strip center. The property is positioned at the intersection of University and Glen Avenue, one of Peoria’s busiest. The location offers high visibility, situated across the street from Schnuck’s Supermarket, Bed Bath and Beyond, Chili’s, and other national tenants. The property includes a private loading dock with an oversized 345 square feet area for unloading. Traffic counts at this location reach 51,000 cars per day.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6139866
    Latitude
    40.7477696

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    FAQs

    What type of property is this?
    Strip mall - 9,200 SF retail space in busy Peoria location.
    Where is this strip mall located?
    The property is located at 5001-5003 N University St Peoria, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Location: Boasting 51,000 cars per day.; - Large Retail Space: 9,200 SF available for your business.; - Prime Location: University Square Shopping Center at University and Glen Avenue.
    (309) 643-0717
    Request Owner's contact information
    5001-5003 N University St 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
    5001-5003 N University St Peoria, IL 61614
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