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Versatile Commercial Space in Peoria
For Sale
$189,900

3212 University Street, Peoria, IL 61604

Adaptable commercial property suitable for retail, office, or service businesses.

Property Size2,161 SF
Price / SF$87.88
Days on Market391

Property Features for 3212 University Street

General Information

Standard status Active
Size 2,161 SF
Property subtype General Commercial

Taxes and HOA fees

Annual Taxes $3,786

Amenities

Central Air
3
Tile, Other, Carpet

Building Details

Stories 2
Listing Agency: Keller Williams Premier Realty
Listed By: Rebecca Gaetz Bishop · License #475129504
Source: Xome
Added: Jul 31, 2025 Changed: Aug 25 Last Checked: Aug 25 at 6:02AM

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

Investment Insights

Based on property information with market context.

This commercial property in Peoria, IL, presents an opportunity for various business ventures. The flexible space is suitable for retail, office, boutique, or service-based businesses. Available for sale, the property is positioned for investors seeking income potential or small business owners looking to own their location. The adaptable layout accommodates multiple business configurations, allowing for customization to meet specific operational needs. With 1385 square feet, this property offers affordable commercial ownership opportunities, with potential for long-term appreciation and business growth. It is located on N University St.

Key Highlights

  • Versatile commercial space suitable for retail, office, boutique, or service‑based businesses.
  • For sale or for lease, offering flexibility for different buyer needs.
  • Adaptable layout allows for multiple business configurations and customization.

Property Analytics

Current Use

Impact Tax Service Accounting Firm Impact Tax Service ... Accounting Firm

Suggested Use

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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Adaptable commercial property suitable for retail, office, or service businesses.
Where is this retail space located?
The property is located at 3212 University Street Peoria, IL.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Versatile commercial space suitable for retail, office, boutique, or service‑based businesses.; For sale or for lease, offering flexibility for different buyer needs.; Adaptable layout allows for multiple business configurations and customization.
More about this property
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