3204 & 08 N UNIVERSITY Street, Peoria, IL 61604
2430 sq ft commercial building with garage/storage for sale.
- Added:
- Feb 10, 2026
- Days on Market:
- 143
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 3204 & 08 N UNIVERSITY Street
General Information
- Standard status
- Active
- Size
- 2,430 SF
- Property subtype
- Office, Retail
Listing office Keller Williams Premier Realty East Peoria
Listing date Feb 10, 2026
Source Crexi
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 Keller Williams Premier Realty East Peoria
HighLights
- Prime University St exposure with strong daily traffic counts
- Approx. 2430 sq ft commercial building plus additional garage/storage
- Two‑parcel offering providing expanded site size and frontage
- Suitable for owner‑user, redevelopment, or investment opportunity
- Excellent visibility and accessibility
- Well‑established commercial corridor
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $21.00 |
| − Vacancy | −$9.2k | −$3.78 |
| EGI | $41.8k | $17.22 |
| − OpEx | −$10.5k | −$4.31 |
| NOI | $31.4k | $12.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6125007
- Latitude
- 40.7265785
