Multi-Tenant Office
New
For Sale
$670,000
5016 N University St, Peoria, IL 61614
Office property combines existing tenancy with vacant suites for owner occupancy, expansion, or additional leasing.
Property Size11,649 SF
Price / SF$57.52
Days on Market5
Property Features for 5016 N University St
General Information
Standard status
Active
Size
11,649 SF
Class
B
Property subtype
Multi Tenant Office
Occupancy
40%
Additional Details
Asking Price
$670,000
Building Details
Building Size
11,649 SF
Year Built
1980
Buildings
1
Tenancy
Multi
Listing Agency:
Joseph & Camper Commercial
(309) 691-5919
Listed By:
Will Hayes · License #475122056
(309) 691-5919
Source:
Thebrokerlist
Added: Aug 12
Changed: Aug 16
Last Checked: Aug 16 at 3:04AM
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.
Built in 1980, this multi-tenant office building contains 11,649 SF arranged in multiple suites. Four currently vacant suites provide 7,042 SF for an owner-user, business expansion, or future leasing plan, while established tenants occupy 39.6% of the building and provide existing in-place income. The suite layout supports a phased approach to occupancy, allowing users to take space as operational requirements develop. Located at 5016 N University St in Peoria, Illinois, the property offers a defined office configuration with both occupied and available areas.
Key Highlights
- 11,649 SF multi‑tenant office building built in 1980
- 7,042 SF available across four vacant suites
- 39.6% occupied by established tenants
Property Analytics
Property Profile
Current Use
Lease Details
39.6%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
879
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property combines existing tenancy with vacant suites for owner occupancy, expansion, or additional leasing.
Where is this office building located?
The property is located at 5016 N University St Peoria, IL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 11,649 SF multi‑tenant office building built in 1980; 7,042 SF available across four vacant suites; 39.6% occupied by established tenants
