Corner Retail/Service Development
For Lease
Contact for pricing
3624 N University St, Peoria, IL 61604
Corner lot adjacent to Dutch Bros in an ongoing redevelopment, with access road, utility rough-in, and TIF district in place.
Lot Size0.59 Acres
Days on Market340
Property Features for 3624 N University St
General Information
Standard status
Active
Lot size
0.59 Acres
Property subtype
LAND
Lease Type
SF/yr
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 403-3379
Listed By:
Nick Ragle · License #IL 475.201147
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Jul 28
Last Checked: Jul 29 at 3:30PM
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
Investment Insights
Based on property information with market context.
This offering is for a corner commercial land parcel positioned as part of a redevelopment that includes Dutch Bros coffee already committed to the corner. The subject lot provides an opportunity for complementary retail or service use, with an availability of 0.59 acres remaining out of a total 1.6 acres to share with Dutch Bros. The developer indicates options that may include build-to-suit, a ground lease, or the sale of the remaining parcel.
The site is described as being at the busiest intersection in Peoria, with traffic noted at 45,000 vehicles daily. An access road has been constructed to support improved traffic flow and site access, and utility rough-in is stubbed to the outlot boundary. Access is also described from Florance Ave, and the redevelopment includes a TIF district that is in place. Additional parcels (Lots 2 and 3) totaling 2.443 acres are available for larger concepts, with Lot 2 at 1.31 acres and Lot 3 at 1.133 acres. Lot 1 is under contract.
The site is described as being at the busiest intersection in Peoria, with traffic noted at 45,000 vehicles daily. An access road has been constructed to support improved traffic flow and site access, and utility rough-in is stubbed to the outlot boundary. Access is also described from Florance Ave, and the redevelopment includes a TIF district that is in place. Additional parcels (Lots 2 and 3) totaling 2.443 acres are available for larger concepts, with Lot 2 at 1.31 acres and Lot 3 at 1.133 acres. Lot 1 is under contract.
Key Highlights
- Corner lot on the busiest intersection in Peoria with 45,000 vehicles daily.
- Site supports complementary retail or service use and is adjacent to Dutch Bros (corner already committed).
- Access road constructed for improved traffic flow and site access; potential connection to War Memorial Drive is in progress.
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$8,400.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Commercial land - Corner lot adjacent to Dutch Bros in an ongoing redevelopment, with access road, utility rough-in, and TIF district in place.
Where is this commercial land located?
The property is located at 3624 N University St Peoria, IL.
What is the lease rate?
The lease rate is $56,000.
What are key features of this property?
This property features: Corner lot on the busiest intersection in Peoria with 45,000 vehicles daily.; Site supports complementary retail or service use and is adjacent to Dutch Bros (corner already committed).; Access road constructed for improved traffic flow and site access; potential connection to War Memorial Drive is in progress.
