Corner Commercial Land with
For Sale
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3624 N University St, Peoria, IL 61604
Corner land parcel in a TIF district with an access road and utility rough-in to support retail or service development.
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
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 29
Last Checked: Jul 30 at 11:57AM
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 corner commercial land opportunity is being positioned as part of a redevelopment that includes Dutch Bros coffee, with that tenant already committed to the corner. The site is suited for complementary retail or service use. The development is supported by an access road constructed for improved traffic flow and site access, and utility rough-in stubbed to the outlot boundary.
The intersection is described as the busiest in Peoria, with 45,000 vehicles daily. The redevelopment includes a TIF district that is in place, and the access drive is accessible from Florance Ave. Additional access improvements include potential to connect to war memorial drive directly, which is noted as in progress.
Lot 1 is under contract and has remaining .59 acres of the total 1.6 acres to share with Dutch Bros. Lots 2 and 3 total 2.443 acres, with lot 2 (1.31 acres) or lot 3 (1.133 acres) available for larger concepts. The developer will provide BTS, ground lease, or sell the remaining parcel, offering multiple ways to structure occupancy.
The intersection is described as the busiest in Peoria, with 45,000 vehicles daily. The redevelopment includes a TIF district that is in place, and the access drive is accessible from Florance Ave. Additional access improvements include potential to connect to war memorial drive directly, which is noted as in progress.
Lot 1 is under contract and has remaining .59 acres of the total 1.6 acres to share with Dutch Bros. Lots 2 and 3 total 2.443 acres, with lot 2 (1.31 acres) or lot 3 (1.133 acres) available for larger concepts. The developer will provide BTS, ground lease, or sell the remaining parcel, offering multiple ways to structure occupancy.
Key Highlights
- Corner land site in a TIF district with utility rough‑in stubbed to the outlot boundary
- Access drive accessible from Florance Ave, with direct connection to War Memorial Dr noted as in progress
- Intersection traffic described at 45,000 vehicles daily
Property Analytics
Current Use
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 land parcel in a TIF district with an access road and utility rough-in to support retail or service development.
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: Corner land site in a TIF district with utility rough‑in stubbed to the outlot boundary; Access drive accessible from Florance Ave, with direct connection to War Memorial Dr noted as in progress; Intersection traffic described at 45,000 vehicles daily
