Shovel-Ready Retail Development
3624 N University Street # Lot 2-east Peoria Peoria, IL 61604
New
3624 N University Street # Lot 2-east Peoria, Peoria, IL, 61604
$640,000
For Sale
$640,000
Corner land parcel with access roads and utilities stubbed to the boundary, next to a new Dutch Bros Coffee.
Lot Size0.59 Acres
Days on Market4
Property Features for 3624 N University Street # Lot 2-east Peoria
General Information
- Standard status
- Active
- Lot size
- 0.59 Acres
Listing Agency
RE/MAX Traders Unlimited
(309) 722-1612
Listed by
Justin Ball · License #475175281
(309) 722-1612
Source
Realestatepeoria
Added: Jul 14 Checked: Jul 17 at 3:03 am
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 RE/MAX Traders Unlimited
Investment Insights
Based on property information with market context.
This listing offers a development-ready commercial land parcel at a high-visibility corner of War Memorial Drive and University Street, specifically the footprint immediately next door to a soon-to-be-built Dutch Bros Coffee. The site is described as shovel-ready, with completed access roads and utilities stubbed to the boundary, and it is supported by an active TIF District for site improvements.
The parcel is positioned to benefit from strong retail draw, with the surrounding area anchored by Dutch Bros and McDonald’s, and the location is stated to capture 45,000+ vehicles daily. Buyers may also have the option to expand by purchasing two contiguous larger parcels to the east and southeast totaling an additional 2.443 acres.
This offering contemplates multiple development approaches, including build-to-suit, ground lease, or purchase options. Supporting materials such as a site plan, ALTA, Phase I/II, and earthwork are available upon request.
The parcel is positioned to benefit from strong retail draw, with the surrounding area anchored by Dutch Bros and McDonald’s, and the location is stated to capture 45,000+ vehicles daily. Buyers may also have the option to expand by purchasing two contiguous larger parcels to the east and southeast totaling an additional 2.443 acres.
This offering contemplates multiple development approaches, including build-to-suit, ground lease, or purchase options. Supporting materials such as a site plan, ALTA, Phase I/II, and earthwork are available upon request.
Key Highlights
- 0.59‑acre corner parcel at War Memorial Drive and University Street, immediately next door to a new Dutch Bros Coffee
- Access roads completed on‑site and utilities stubbed to the boundary
- High‑visibility traffic count of 45,000+ vehicles daily at the corner intersection
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Corner land parcel with access roads and utilities stubbed to the boundary, next to a new Dutch Bros Coffee.
Where is this commercial land located?
The property is located at 3624 N University Street # Lot 2-east Peoria Peoria, IL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 0.59‑acre corner parcel at War Memorial Drive and University Street, immediately next door to a new Dutch Bros Coffee; Access roads completed on‑site and utilities stubbed to the boundary; High‑visibility traffic count of 45,000+ vehicles daily at the corner intersection
