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CG-Zoned Office Property
For Sale
$80,000

2405 N UNIVERSITY Street, Peoria, IL 61604

Commercial Sale, Peoria, IL

Property SizeContact for details
Lot Size0.17 Acres
Days on Market49

Property Features for 2405 N UNIVERSITY Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning CG
Directions North University one half block South of McClure
Standard status Active
APN 14-32-328-009
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description MORTIMER M MILLER'S ADD SW 1/4 SEC 32-9N-8E LOT 8 BLK 3
Tax Annual Amount 2788
Legal Description MORTIMER M MILLER'S ADD SW 1/4 SEC 32-9N-8E LOT 8 BLK 3

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Floors in Building 2
Flooring type Carpet
Building materials Stucco, Vinyl Siding, Frame
Roof type Composition
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Andrew Barnes
Added: Jul 20 Changed: Sep 2 Last Checked: Sep 6 at 6:06AM
MLS# PA1268548

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This CG-zoned office property occupies a 0.17-acre site on N. University Street in Peoria. The building uses stucco, vinyl siding, and frame construction, with carpeted flooring, central air conditioning, and forced-air natural gas heat. The roof is composition, and the property is connected to public sewer service.

The site is positioned along a commercial corridor with an average traffic count of approximately 600 vehicles per hour and peak periods reaching 1,000 vehicles per hour. The property information identifies potential applications including professional office space, boutique retail, specialty services, a creative studio, salon, wellness practice, and other service-based business concepts.

Key Highlights

  • 0.17‑acre site on N. University Street in Peoria
  • CG zoning supports the property’s commercial office classification
  • Average traffic count of approximately 600 vehicles per hour

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.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

348
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - CG-zoned office property with central air, forced-air heating, and public sewer service.
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: 0.17‑acre site on N. University Street in Peoria; CG zoning supports the property’s commercial office classification; Average traffic count of approximately 600 vehicles per hour
More about this property
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