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Restaurant and Coffee Shop Property
For Sale
$3,084,000

3624 N University St, Peoria, IL 61604

Commercial property offered for coffee shop and restaurant use, sized to support a dedicated food-and-beverage tenant.

Property Size1,268 SF
Price / SF$2,432
Days on Market52

Property Features for 3624 N University St

General Information

Standard status Active
Size 1,268 SF
Property subtype Restaurant

Additional Details

Cap Rate 5.35%
Traffic Count 54,000 vehicles/day
Listing Agency: Marcus & Millichap | San Diego
Listed By: Phil Sambazis · License #License(s): CA: 01474991
Source: Marcusmillichap
Added: Jun 16 Changed: Jul 10 Last Checked: Aug 6 at 3:28AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | San Diego

Investment Insights

Based on property information with market context.

This listing presents a commercial real estate property marketed for coffee shop and restaurant use. The offering totals 1,268 square feet, providing a compact footprint suited to food-and-beverage operations that need an efficient customer-serving layout. The property is being offered for sale, with details limited to the information provided in the listing materials.

Located at 3624 N University St in Peoria, IL 61604, the asset benefits from direct street address identification for tenant and buyer due diligence. No additional specifics are provided regarding storefront configuration, parking, signage, or surrounding tenants, so those items should be confirmed during walkthrough and review of available documents.

For operators and investors evaluating smaller-format concepts, this size can be a practical fit for a café-style operation or a focused restaurant program. As marketed, the property is positioned for uses aligned with coffee shop and restaurant requirements. Interested parties should verify buildout condition, access logistics, and any landlord or regulatory constraints that may affect equipment, service flow, and operating footprint prior to making a commitment.

Key Highlights

  • Commercial property offered for coffee shop and restaurant use.
  • Sized to support a dedicated food‑and‑beverage tenant.
  • Public remarks include 5.35%.

Property Analytics

Current Use

Coffee shops

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

54,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

828
Businesses Nearby
43k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 60% Shops & Services 40%
Starbucks Dining
10,423 visits/mo 0.1 miles
Shell Shops & Services
9,477 visits/mo 0.2 miles
Dollar Tree Shops & Services
7,855 visits/mo 0.1 miles
SUBWAY Dining
6,306 visits/mo 0.1 miles
Jimmy John's Dining
3,440 visits/mo 0.2 miles

Demographics for 61604, IL

29,344
Population
13,341
Households
2.2
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
1,931
Density / Sq Mi
$50,628
Median Household Income
$34,577
Median Earnings
$904
Median Rent
$100,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Starbucks 4125 N Sheridan Rd, Peoria, IL 61614
  • Dotty's 3125 N University St, Peoria, IL 61604
  • Mc Café 3600 N University St, Peoria, IL 61604
  • River Kitty Cafe 3226 N University St, Peoria, IL 61604
  • Hey, tea 3311 N University St, Peoria, IL 61604

Frequently Asked Questions

What type of property is this?
Coffee shop - Commercial property offered for coffee shop and restaurant use, sized to support a dedicated food-and-beverage tenant.
Where is this coffee shop located?
The property is located at 3624 N University St Peoria, IL.
What is the asking price?
The asking price for this property is $3,084,000.
What are key features of this property?
This property features: Commercial property offered for coffee shop and restaurant use.; Sized to support a dedicated food‑and‑beverage tenant.; Public remarks include 5.35%.
More about this property
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