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Commercial Land with Existing Improvements
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3204 N University St, Peoria, IL 61604

Three-parcel commercial land assemblage with office, storage, and retail buildings in a developed commercial corridor.

Property SizeContact for details
Days on Market143

Property Features for 3204 N University St

General Information

Standard status Active
Property subtype Land, Mixed Use, Office, Retail
Listing Agency: Joseph & Camper Commercial
Listed By: Steven Reeves · License #IL 475.190510
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 7:27AM

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 Joseph & Camper Commercial

Investment Insights

Based on property information with market context.

This commercial land offering combines three parcels totaling 0.41 acres with existing improvements suitable for redevelopment or continued commercial use. The property includes a 1,385-square-foot office building with a detached 360-square-foot storage garage, a separate 960-square-foot storage building, and a 2,144-square-foot retail/office building. The parcels are zoned C-1.

Located at 3204-3212 N University St in Peoria, the property sits across from Walmart, NAPA Auto Parts, Burger King, Steak n Shake, Hobby Lobby, FedEx, and other national retailers. University Street carries a reported traffic volume of 19,400 cars per day, placing the assemblage within an established commercial corridor.

Key Highlights

  • Three parcels totaling 0.41 acres at 3204‑3212 N University St
  • 1,385 SF office building with detached 360 SF storage garage
  • Separate 960 SF storage building on the assemblage

Property Analytics

Current Use

Sun Loan Company Loan Service

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Kitchen & Bath Showroom Spa & Massage Center HVAC Service

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

528
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?
Commercial land - Three-parcel commercial land assemblage with office, storage, and retail buildings in a developed commercial corridor.
Where is this commercial land located?
The property is located at 3204 N University St Peoria, IL.
What are key features of this property?
This property features: Three parcels totaling 0.41 acres at 3204‑3212 N University St; 1,385 SF office building with detached 360 SF storage garage; Separate 960 SF storage building on the assemblage
More about this property
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