Commercial Land With Utility
New
For Sale
$1,250,000
3624 UNIVERSITY Street, Peoria, IL 61604
Redevelopment parcel with planned access improvements and utility rough-ins extending to the outlot boundary.
Property SizeContact for details
Days on Market5
Property Features for 3624 UNIVERSITY Street
General Information
Standard status
Active
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$43,030
Amenities
3
Parking.
Other Parking.
Other
Sloped, Level
Other, Level, Sloped.
Listing Agency:
RE/MAX Traders Unlimited
(309) 687-5000
Listed By:
Justin Ball · License #475175281
Source:
Xome
Added: Aug 16
Changed: Aug 20
Last Checked: Aug 20 at 7:41AM
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.
Commercial land at the War Memorial Drive and University Street redevelopment area in Peoria. The overall site encompasses almost 5 acres and is being regraded to sit just above street level. An access road is under construction to improve site circulation and access, with utility rough-ins planned to reach the outlot boundary.
Lot 2 and Lot 3 together comprise 2.443 acres, with Lot 2 containing 1.31 acres and Lot 3 containing 1.133 acres. The lots may be acquired together or separately. A new Dutch Bros Coffee is identified as the kickoff project for the redevelopment, with completion targeted for Fall 2026. A potential direct connection to War Memorial Drive is also in progress through creation of a TIF district.
Lot 2 and Lot 3 together comprise 2.443 acres, with Lot 2 containing 1.31 acres and Lot 3 containing 1.133 acres. The lots may be acquired together or separately. A new Dutch Bros Coffee is identified as the kickoff project for the redevelopment, with completion targeted for Fall 2026. A potential direct connection to War Memorial Drive is also in progress through creation of a TIF district.
Key Highlights
- Almost 5‑acre parcel in the War Memorial Drive and University Street redevelopment area
- Lot 2 and Lot 3 total 2.443 acres
- Lot 2 measures 1.31 acres; Lot 3 measures 1.133 acres
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
643
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment parcel with planned access improvements and utility rough-ins extending to the outlot boundary.
Where is this commercial land located?
The property is located at 3624 UNIVERSITY Street Peoria, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Almost 5‑acre parcel in the War Memorial Drive and University Street redevelopment area; Lot 2 and Lot 3 total 2.443 acres; Lot 2 measures 1.31 acres; Lot 3 measures 1.133 acres
