3624 N University St Peoria, IL
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Corner lot ideal for retail or service use.
Type:LAND
Lot size:
0.59 Acres- Added:
- Aug 25, 2025
- Days on Market:
- 223
- Last Refresh:
- Apr 1 at 10:19 pm
Property Features for 3624 N University St
General Information
- Standard status
- Active
- Lot size
- 0.59 Acres
- Property subtype
- LAND
Properties For Sale
at 3624 N University St Contact us
Listing agent Nick Ragle
Listing office Coldwell Banker Commercial Devonshire Realty (217) 352-7712
Listing date Aug 25, 2025
Source Moodyscre
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Overview
Prime Redevelopment Land Opportunity
This property presents an opportunity to be part of the redevelopment of War Memorial & University, joining Dutch Bros coffee. The lot is suited for complementary retail or service use. Situated at the busiest intersection in Peoria, it benefits from a high traffic volume of 45,000 vehicles daily. Lot 1 is under contract. The developer offers build-to-suit options, ground lease, or sale of the remaining parcel. An access road has been constructed to improve traffic flow and site access, with potential connection to War Memorial Drive in progress through the TIF district creation. The drive is also accessible from Florence Avenue. Lot 1 has a remaining 0.59 acres of the total 1.6 acres to share with Dutch Bros. Lots 2 & 3 are also available, totaling 2.443 acres, with Lot 2 at 1.31 acres and Lot 3 at 1.133 acres for larger concepts. The redevelopment features a completed access road with utility rough-in stubbed to the outlot boundary. This corner benefits from a TIF district.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6119
- Latitude
- 40.732
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Corner lot ideal for retail or service use.
Where is this commercial land located?
The property is located at 3624 N University St Peoria, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: High‑traffic location: Busiest intersection in Peoria with 45,000 vehicles daily; Part of a redevelopment project anchored by Dutch Bros Coffee; Flexible options: Available for build‑to‑suit, ground lease, or purchase
