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    3802 N University St Peoria, IL 61614

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    For Sale
    $117,500

    1,550 SF office building with recent updates and expansion potential.

    Property size:
    1,550 SF
    Lot size:
    0.48 Acres

    Property Features for 3802 N University St

    General Information

    Size
    1,550 SF
    Lot size
    0.48 Acres

    Source: Joseph & Camper Commercial Agent Will Hayes

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

    Overview

    Updated Office Building on University

    This 1.5-story office building, located on University Street, offers 1,550 square feet of space. Situated in a high-traffic area near the intersection of War Memorial on University, the property benefits from excellent visibility and a central location in Peoria, with convenient access to I-74 less than 1 mile away. Recent updates include a new roof, commercial-grade gutters and downspouts, a new 95% efficiency furnace and central air conditioning, new flooring throughout the main floor, an updated restroom, an updated electrical main, a new sump pump, and a new water heater. The property has recently undergone interior renovations. The building is situated on a large 0.48-acre lot in the rear, offering potential for future expansion. The property is zoned O-1.
    Insight Report Location Intelligence

    Current Use by Public Records

    Appraisal Academy Insurance School Tax Appeal Consultants Tax Preparation Service

    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
    -89.6122338
    Latitude
    40.7335207

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    FAQs

    What type of property is this?
    Office building - 1,550 SF office building with recent updates and expansion potential.
    Where is this office building located?
    The property is located at 3802 N University St Peoria, IL.
    What is the asking price?
    The asking price for this property is $117,500.
    What are key features of this property?
    This property features: - Central location in Peoria with easy access to I-74 and high traffic area on University Street.; - Recent updates include new roof, HVAC, flooring, restroom, electrical, sump pump, and water heater.; - Large 0.48 acre lot offering potential for future expansion.
    (309) 643-0717
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    3802 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
    3802 N University St Peoria, IL 61614
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