4816 N University Street, Peoria, IL 61604

Spaces For Lease

at 4816 N University Street Contact us

Listing office Maloof Commercial d**@maloofcom.com Show Phone

Listing date Jun 24, 2026

Source Maloofcom

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Overview

This retail building offers a spacious open floor plan designed to support flexible merchandising and multiple neighborhood center concepts. The exterior updates include a roof installed in 2019 and a recently resurfaced parking lot intended to support reliable customer access and long-term durability. The layout also provides ample natural light to help create a bright customer environment.

The property is located at a lighted intersection, supporting visibility and straightforward wayfinding for visitors. Interstate access nearby can help facilitate customer traffic from surrounding areas, which may be helpful for retailers seeking consistent foot traffic and drive-by exposure.

For tenants and operators, the combination of an open, adaptable interior and customer-focused exterior improvements makes the space practical for a range of retail uses. The updated roof and maintained parking can reduce near-term capital concerns, while the open configuration can be aligned with different store layouts and neighborhood-serving needs. The well-maintained exterior supports a professional appearance for storefront-facing operations.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Peoria

County

Peoria

State

Illinois

Longitude

-89.6104698

Latitude

40.7463539

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FAQs

What type of property is this?

Retail space - A large retail building with an open floor plan, updated roof, and resurfaced parking at a lighted intersection.

Where is this retail space located?

The property is located at 4816 N University Street Peoria, IL.

What is the lease rate?

The lease rate is $10 SF/Yr.

What are key features of this property?

This property features: 31,250 SF retail building with a spacious open floor plan; Parking lot was recently resurfaced for customer convenience; Roof installed in 2019