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Shopping Center Retail Space for Lease
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4620-4700 N University St, Peoria, IL 61614

Retail spaces available in a long-standing Peoria shopping center with high traffic counts on University and Glen Ave.

Space Size5,000 SF
Days on Market555

Property Features for 4620-4700 N University St

General Information

Standard status Active
Size 5,000 SF
Net Rentable 1,500 SF
Property subtype RETAIL
Lease Type NNN

Space & Availability

Available Space 1,500-11,450 SF
Contiguous Space 11,450 SF
Space Use Retail

Building Details

Year Built 1971
Tenancy Multi

Spaces For Lease

at 4620-4700 N University St Contact us

4620 - 4700 N University St $15/SF/Yr

Floor
1
Size
5,000 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Retail space for lease at one of Peoria’s most prominent & longstanding shopping...
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Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #475122056
Source: Moodyscre
Added: Feb 11, 2025 Changed: Aug 8 Last Checked: Aug 8 at 11:06AM

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 Joseph & Camper Commercial

Investment Insights

Based on property information with market context.

Metro Centre is a shopping center in Peoria that was developed in 1971 and is used for specialty retail leasing. Retail space is available for lease with suite sizes ranging from 1,500 SF to 5,200 SF, with the option to combine several contiguous units to offer up to 11,450 SF.

The center is centrally located on N University St and W Glen Ave and is supported by visibility with 22,500 CPD on University and 15,900 CDP on Glen Ave. Retail tenants can benefit from a balanced tenant mix that maintains national tenants while continuing to support local and small businesses.

Additional leasing flexibility may be available by selecting individual spaces or combining contiguous units depending on a tenant’s size needs.

Key Highlights

  • Metro Centre developed in 1971 shopping center in Peoria
  • Retail space for lease ranges from 1,500 SF to 5,200 SF
  • Option to combine contiguous units for up to 11,450 SF

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply HVAC Service Big Box & Wholesale Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,180
Businesses Nearby
311k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Groceries 40% Dining 34% Shops & Services 20% Apparel 4%
Hy-Vee Groceries
49,807 visits/mo 0.5 miles
Kroger Groceries
31,272 visits/mo 0.4 miles
Schnucks Groceries
27,814 visits/mo 0.2 miles
Chili's Grill & Bar Dining
25,059 visits/mo 0.2 miles
Culver's Dining
24,558 visits/mo 0.0 miles

Demographics for 61614, IL

27,119
Population
13,870
Households
2
Avg Household Size
41
Median Age
46%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,260
Density / Sq Mi
$68,379
Median Household Income
$46,540
Median Earnings
$948
Median Rent
$169,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail spaces available in a long-standing Peoria shopping center with high traffic counts on University and Glen Ave.
Where is this shopping center located?
The property is located at 4620-4700 N University St Peoria, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Metro Centre developed in 1971 shopping center in Peoria; Retail space for lease ranges from 1,500 SF to 5,200 SF; Option to combine contiguous units for up to 11,450 SF
(309) 643-0717 Call to check price and availability
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