Shovel-Ready Retail Development
For Sale
$640,000
3624 N University Street # Lot 2-east Peoria, Peoria, IL 61604
Corner land parcel with access roads and utilities stubbed to the boundary, next to a new Dutch Bros Coffee.
Property SizeContact for details
Lot Size0.59 Acres
Days on Market36
Property Features for 3624 N University Street # Lot 2-east Peoria
General Information
Standard status
Active
Lot size
0.59 Acres
Zoning
C-2
Site & Location
Traffic Count
45,000 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
RE/MAX Traders Unlimited
(309) 722-1612
Listed By:
Justin Ball · License #475175281
(309) 722-1612
Source:
Realestatepeoria
Added: Jul 14
Changed: Aug 13
Last Checked: Aug 18 at 4:37AM
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 RE/MAX Traders Unlimited
Investment Insights
Based on property information with market context.
This listing offers a development-ready commercial land parcel at a high-visibility corner of War Memorial Drive and University Street, specifically the footprint immediately next door to a soon-to-be-built Dutch Bros Coffee. The site is described as shovel-ready, with completed access roads and utilities stubbed to the boundary, and it is supported by an active TIF District for site improvements.
The parcel is positioned to benefit from strong retail draw, with the surrounding area anchored by Dutch Bros and McDonald’s, and the location is stated to capture 45,000+ vehicles daily. Buyers may also have the option to expand by purchasing two contiguous larger parcels to the east and southeast totaling an additional 2.443 acres.
This offering contemplates multiple development approaches, including build-to-suit, ground lease, or purchase options. Supporting materials such as a site plan, ALTA, Phase I/II, and earthwork are available upon request.
The parcel is positioned to benefit from strong retail draw, with the surrounding area anchored by Dutch Bros and McDonald’s, and the location is stated to capture 45,000+ vehicles daily. Buyers may also have the option to expand by purchasing two contiguous larger parcels to the east and southeast totaling an additional 2.443 acres.
This offering contemplates multiple development approaches, including build-to-suit, ground lease, or purchase options. Supporting materials such as a site plan, ALTA, Phase I/II, and earthwork are available upon request.
Key Highlights
- 0.59‑acre corner parcel at War Memorial Drive and University Street, immediately next door to a new Dutch Bros Coffee
- Access roads completed on‑site and utilities stubbed to the boundary
- High‑visibility traffic count of 45,000+ vehicles daily at the corner intersection
Property Analytics
Property Profile
Current Use
Lease Details
45,000 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Corner land parcel with access roads and utilities stubbed to the boundary, next to a new Dutch Bros Coffee.
Where is this commercial land located?
The property is located at 3624 N University Street # Lot 2-east Peoria Peoria, IL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 0.59‑acre corner parcel at War Memorial Drive and University Street, immediately next door to a new Dutch Bros Coffee; Access roads completed on‑site and utilities stubbed to the boundary; High‑visibility traffic count of 45,000+ vehicles daily at the corner intersection
