Freestanding Retail Outlot
For Sale
Contact for pricing
4700 North University Street, Peoria, IL 61614
Fee simple sale of five freestanding retail buildings, including four multi-tenant structures and one single-tenant building.
Property Size57,368 SF
Price / SF$74.26
Days on Market55
Property Features for 4700 North University Street
General Information
Standard status
Active
Size
57,368 SF
Total Parking Spaces
290
Property subtype
Retail
Occupancy
65%
Investment Type
Value Add
Net Operating Income
$319,524
Building Details
Buildings
5
Tenancy
Multi
Listing Agency:
Mid-America Real Estate
(630) 481-4045
Listed By:
Eric Geskermann · License #475209942
Source:
Crexi
Added: Jul 6
Changed: Aug 23
Last Checked: Aug 26 at 6:15AM
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 Mid-America Real Estate
Investment Insights
Based on property information with market context.
Mid-America Real Estate Corporation is marketing the 100% fee simple interest in Metro Centre Outlots, located at 4700 North University Street, Peoria, IL. The offering includes five freestanding buildings positioned within Metro Centre, a historic community shopping center.
The outlots comprise four freestanding multi-tenant retail buildings and one freestanding single-tenant building. This configuration provides a mix of multi-tenant and single-tenant structures within the broader Metro Centre shopping center.
The sale is structured as a fee simple acquisition of the full ownership interest in the outlot buildings.
The outlots comprise four freestanding multi-tenant retail buildings and one freestanding single-tenant building. This configuration provides a mix of multi-tenant and single-tenant structures within the broader Metro Centre shopping center.
The sale is structured as a fee simple acquisition of the full ownership interest in the outlot buildings.
Key Highlights
- Fee simple sale of 100% interest in Metro Centre Outlots in Peoria, IL.
- Includes 5 freestanding retail buildings positioned within Metro Centre.
- Four freestanding multi‑tenant buildings in the offering.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,275
Businesses Nearby
273k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 27%
Shops & Services 24%
Apparel 5%
Kroger
Groceries
31,272 visits/mo
0.4 miles
Schnucks
Groceries
27,814 visits/mo
0.1 miles
Chili's Grill & Bar
Dining
25,059 visits/mo
0.2 miles
Culver's
Dining
24,558 visits/mo
0.2 miles
CEFCU
Shops & Services
16,853 visits/mo
0.5 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fee simple sale of five freestanding retail buildings, including four multi-tenant structures and one single-tenant building.
Where is this shopping center located?
The property is located at 4700 North University Street Peoria, IL.
What is the asking price?
The asking price for this property is $4,260,000.
What are key features of this property?
This property features: Fee simple sale of 100% interest in Metro Centre Outlots in Peoria, IL.; Includes 5 freestanding retail buildings positioned within Metro Centre.; Four freestanding multi‑tenant buildings in the offering.
