Commercial Land at Redevelopment
New
For Sale
$349,000
3624 UNIVERSITY Street, Peoria, IL 61604
Planned site improvements include a new access road and utility rough-ins at the outlot boundary.
Property SizeContact for details
Days on Market6
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 9:11AM
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 commercial land offering includes Lot 2 and Lot 3, which together contain 2.443 acres. The parcels may also be acquired separately, with Lot 2 comprising 1.31 acres and Lot 3 comprising 1.133 acres. Redevelopment plans include regrading the site to just above street level and constructing an access road to improve circulation and entry. Utility rough-ins are planned to extend to the outlot boundary.
The property is located at 3624 University Street in Peoria, Illinois, at the War Memorial and University intersection. A new Dutch Brothers Coffee is planned as the initial redevelopment project, with completion identified for Fall 2026. A potential direct connection to War Memorial Drive is in progress as part of the broader redevelopment and proposed TIF district creation.
The property is located at 3624 University Street in Peoria, Illinois, at the War Memorial and University intersection. A new Dutch Brothers Coffee is planned as the initial redevelopment project, with completion identified for Fall 2026. A potential direct connection to War Memorial Drive is in progress as part of the broader redevelopment and proposed TIF district creation.
Key Highlights
- Lot 2 and Lot 3 total 2.443 acres
- Lot 2 offers 1.31 acres; Lot 3 offers 1.133 acres
- New access road planned for improved site circulation and access
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 - Planned site improvements include a new access road and utility rough-ins at 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 $349,000.
What are key features of this property?
This property features: Lot 2 and Lot 3 total 2.443 acres; Lot 2 offers 1.31 acres; Lot 3 offers 1.133 acres; New access road planned for improved site circulation and access
