Neighborhood Center Retail
For Lease
$10 SF/Yr
4816 N University Street, Peoria, IL 61604
A large retail building with an open floor plan, updated roof, and resurfaced parking at a lighted intersection.
Space Size31,250 SF
Days on Market58
Property Features for 4816 N University Street
General Information
Standard status
Active
Size
31,250 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
31,250 SF
Spaces For Lease
at 4816 N University Street Contact us- Size
- 31,250 SF
- Term
- Negotiable
4816 N. University Street $10/SF/Yr
Listing Agency:
Maloof Commercial Real Estate
(309) 696-7200
Listed By:
Dan Maloof · License #IL #475.122647
(309) 696-7200
Source:
Maloofcom
Added: Jun 24
Changed: Aug 15
Last Checked: Aug 20 at 5:32AM
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 Maloof Commercial Real Estate
Investment Insights
Based on property information with market context.
This retail building offers a spacious open floor plan designed to support flexible merchandising and multiple neighborhood center concepts. The exterior updates include a roof installed in 2019 and a recently resurfaced parking lot intended to support reliable customer access and long-term durability. The layout also provides ample natural light to help create a bright customer environment.
The property is located at a lighted intersection, supporting visibility and straightforward wayfinding for visitors. Interstate access nearby can help facilitate customer traffic from surrounding areas, which may be helpful for retailers seeking consistent foot traffic and drive-by exposure.
For tenants and operators, the combination of an open, adaptable interior and customer-focused exterior improvements makes the space practical for a range of retail uses. The updated roof and maintained parking can reduce near-term capital concerns, while the open configuration can be aligned with different store layouts and neighborhood-serving needs. The well-maintained exterior supports a professional appearance for storefront-facing operations.
The property is located at a lighted intersection, supporting visibility and straightforward wayfinding for visitors. Interstate access nearby can help facilitate customer traffic from surrounding areas, which may be helpful for retailers seeking consistent foot traffic and drive-by exposure.
For tenants and operators, the combination of an open, adaptable interior and customer-focused exterior improvements makes the space practical for a range of retail uses. The updated roof and maintained parking can reduce near-term capital concerns, while the open configuration can be aligned with different store layouts and neighborhood-serving needs. The well-maintained exterior supports a professional appearance for storefront-facing operations.
Key Highlights
- 31,250 SF retail building with a spacious open floor plan
- Parking lot was recently resurfaced for customer convenience
- Roof installed in 2019
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,275
Businesses Nearby
273k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 27%
Shops & Services 24%
Apparel 5%
Kroger
Groceries
31,272 visits/mo
0.4 miles
Schnucks
Groceries
27,814 visits/mo
0.1 miles
Chili's Grill & Bar
Dining
25,059 visits/mo
0.2 miles
Culver's
Dining
24,558 visits/mo
0.2 miles
CEFCU
Shops & Services
16,853 visits/mo
0.5 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
Lease Benchmarks for Peoria, IL
$16.14 /SF/Yr
Avg Asking Price
$10–$25 /SF/Yr
Price Range
7,038 SF
Avg Space Size
This space is priced 38% below the average of $16.14 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - A large retail building with an open floor plan, updated roof, and resurfaced parking at a lighted intersection.
Where is this retail space located?
The property is located at 4816 N University Street Peoria, IL.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 31,250 SF retail building with a spacious open floor plan; Parking lot was recently resurfaced for customer convenience; Roof installed in 2019
