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3624 N University St Peoria, IL 61604

For Sale
$700,000

Corner lot ideal for retail or service use.

Lot size:
0.59 Acres

Property Features for 3624 N University St

General Information

Lot size
0.59 Acres

Source: Coldwell Banker Commercial Devonshire Realty Agent Nick Ragle

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


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.
Insight Report Location Intelligence

Current Use by Public Records

Commercial land

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.

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.6119425
Latitude
40.7320447

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
More about this property
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