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Office Suite in Shell Condition
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7014 University Street #7014, Peoria, IL 61614

C-2-zoned suite offers a blank-canvas interior for office or retail occupancy.

Space Size1,300 SF
Property Size6,000 SF
Days on Market870

Property Features for 7014 University Street #7014

General Information

Standard status Active
Size 1,300 SF
Net Rentable 1,300 SF
Total Parking Spaces 10
Zoning C-2
Lease Type Gross

Space & Availability

Available Space 1,300 SF
Contiguous Space 1,300 SF
Space Use Office
Condition Shell
Sublease No

Lease Terms

Lease Rate $1,300 /USD/MO
Monthly Rent $1,300
Rent per SF/Year $12

Taxes and HOA fees

Annual Taxes $11,881

Building Details

Building Size 6,000 SF
Listing Agency: RE/MAX Traders Unlimited
Listed By: Jessica Ball · License #475175281
Source: Craggsrealtors
Added: Apr 1, 2024 Changed: Aug 11 Last Checked: Aug 17 at 11:30PM

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.

Located at 7014 University Street #7014 in Peoria, the 1,300-square-foot suite is classified for office use and can also accommodate retail occupancy. The interior has been returned to shell condition, allowing a new occupant to configure the space for its operations.

The property is in North Peoria and carries C-2 zoning. Lease terms are structured as a gross lease, with the tenant responsible for utilities and dumpster service.

Key Highlights

  • 1,300‑square‑foot office suite in Peoria
  • Shell‑condition interior ready for tenant improvements
  • C‑2 zoning supports the stated office classification

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Carpet & Flooring Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

475
Businesses Nearby

Demographics for 61614, IL

27,119
Population
13,870
Households
2
Avg Household Size
41
Median Age
46%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,260
Density / Sq Mi
$68,379
Median Household Income
$46,540
Median Earnings
$948
Median Rent
$169,700
Median Home Value

Market

Lease Benchmarks for Peoria, IL

$19.53 /SF/Yr
Avg Asking Price
$7–$107 /SF/Yr
Price Range
6,251 SF
Avg Space Size

This space is priced 39% below the average of $19.53 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - C-2-zoned suite offers a blank-canvas interior for office or retail occupancy.
Where is this office units located?
The property is located at 7014 University Street #7014 Peoria, IL.
What are key features of this property?
This property features: 1,300‑square‑foot office suite in Peoria; Shell‑condition interior ready for tenant improvements; C‑2 zoning supports the stated office classification
More about this property
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