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Multi-Use Retail and Office Building
For Sale
$80,000

2405 N UNIVERSITY Street, Peoria, IL 61604

Highly visible N. University Street storefront with strong average peak traffic counts for daily business exposure.

Property Size1,180 SF
Price / SF$67.80
Days on Market15

Property Features for 2405 N UNIVERSITY Street

General Information

Standard status Active
Size 1,180 SF
Property subtype General Commercial

Amenities

Central Air
3
Carpet
50 x 150
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Andrew Barnes
Source: Xome
Added: Jul 18 Changed: Jul 26 Last Checked: Aug 1 at 2:45AM

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 Jim Maloof Realty, Inc.

Investment Insights

Based on property information with market context.

This multi-use commercial building is offered for sale and is suited to professional office, boutique retail, specialty services, or other business concepts where customization is important. The manageable size supports flexibility for owners looking to tailor the space to their operational needs.

Located at 2405 N University Street in Peoria, the property benefits from prominent visibility along a well-traveled commercial corridor. Public remarks cite an average traffic count of approximately 600 vehicles per hour, with peak periods reaching about 1,000 vehicles per hour, supporting consistent exposure and customer access.

The property presents a straightforward opportunity to own a neighborhood commercial storefront and configure the interior for a range of service-oriented uses.

Key Highlights

  • Highly visible N. University Street storefront location in Peoria with average traffic of ~600 vehicles per hour and peak ~1,000 vehicles per hour.
  • Commercial building with central air cooling and carpet flooring.
  • Exterior lot dimensions: 50 x 150.

Property Analytics

Current Use

Jerry Ivie - State ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Spa & Massage Center Building Supply Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

575
Businesses Nearby

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 Office in Midwest region

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

What type of property is this?
Office units - Highly visible N. University Street storefront with strong average peak traffic counts for daily business exposure.
Where is this office units located?
The property is located at 2405 N UNIVERSITY Street Peoria, IL.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Highly visible N. University Street storefront location in Peoria with average traffic of ~600 vehicles per hour and peak ~1,000 vehicles per hour.; Commercial building with central air cooling and carpet flooring.; Exterior lot dimensions: 50 x 150.
More about this property
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