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Prime Redevelopment Land Opportunity

3624 N University St, Peoria, IL

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For Sale

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Corner lot ideal for retail or service use.

Type:LAND

Lot size:

0.59 Acres

HighLights

High‑traffic location: Busiest intersection in Peoria with 45,000 vehicles daily
Part of a redevelopment project anchored by Dutch Bros Coffee
Flexible options: Available for build‑to‑suit, ground lease, or purchase
Access road complete with utility rough‑in stubbed to outlot boundary
Located within a TIF district
Multiple lot size options available (0.59 acres, 1.31 acres, or 1.133 acres)

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Listing Contact

Nick Ragle

For Sale

Contact for pricing

Corner lot ideal for retail or service use.

Type:LAND

Lot size:

0.59 Acres

Added:: Aug 25, 2025
Days on Market:: 295
Last Refresh:: May 20 at 9:55 pm

Property Features for 3624 N University St

General Information

Standard status: Active
Lot size: 0.59 Acres
Property subtype: LAND

Properties For Sale

at 3624 N University St Contact us

We can help!

Listing Contact

Nick Ragle

Listing agent Nick Ragle License #IL 475.201147

Listing office Coldwell Banker Commercial Devonshire Realty

Listing date Aug 25, 2025

Source Moodyscre

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 Coldwell Banker Commercial Devonshire Realty

HighLights

High‑traffic location: Busiest intersection in Peoria with 45,000 vehicles daily
Part of a redevelopment project anchored by Dutch Bros Coffee
Flexible options: Available for build‑to‑suit, ground lease, or purchase
Access road complete with utility rough‑in stubbed to outlot boundary
Located within a TIF district
Multiple lot size options available (0.59 acres, 1.31 acres, or 1.133 acres)

Overview

This property presents an opportunity to be part of the redevelopment of War Memorial & University, joining Dutch Bros coffee. The lot is suited for complementary retail or service use. Situated at the busiest intersection in Peoria, it benefits from a high traffic volume of 45,000 vehicles daily. Lot 1 is under contract. The developer offers build-to-suit options, ground lease, or sale of the remaining parcel. An access road has been constructed to improve traffic flow and site access, with potential connection to War Memorial Drive in progress through the TIF district creation. The drive is also accessible from Florence Avenue. Lot 1 has a remaining 0.59 acres of the total 1.6 acres to share with Dutch Bros. Lots 2 & 3 are also available, totaling 2.443 acres, with Lot 2 at 1.31 acres and Lot 3 at 1.133 acres for larger concepts. The redevelopment features a completed access road with utility rough-in stubbed to the outlot boundary. This corner benefits from a TIF district.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Peoria
County: Peoria
State: Illinois
Longitude: -89.6119
Latitude: 40.732

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For sale
Commercial land
IL
Peoria
3624 N University St

What type of property is this?

Commercial land - Corner lot ideal for retail or service use.

Where is this commercial land located?

The property is located at 3624 N University St Peoria, IL.

What is the asking price?

The asking price for this property is $700,000.

What are key features of this property?

This property features: High‑traffic location: Busiest intersection in Peoria with 45,000 vehicles daily; Part of a redevelopment project anchored by Dutch Bros Coffee; Flexible options: Available for build‑to‑suit, ground lease, or purchase

3624 N University St, Peoria, IL

Corner lot ideal for retail or service use.

Property Features for 3624 N University St

General Information

Properties For Sale

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

North Peoria Commercial Corner Property

Specialty Commercial Building with Parking

Gutted Restaurant Building and Land

Government Office Building Investment

Turnkey Dirt Track Stadium

Commercial Property with Multiple Income Streams

West Peoria Two-Story Office Building

Well-Maintained Duplex Investment Opportunity

Versatile Commercial Building in Peoria

Mixed-Use Commercial Strip Center

Peoria Church Building For Sale

Office Space on Knoxville Avenue

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