7319 N University Street, Peoria, IL 61614
A bright, renovated storefront with large windows, ADA restrooms, and ample parking for customer-facing businesses.
- Added:
- Jun 7, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 15 at 4:02 am
Property Features for 7319 N University Street
General Information
- Standard status
- Active
- Size
- 2,610 SF
- Property subtype
- General Commercial
Listing agent Maryanne Czubora
Listing office Jim Maloof/REALTOR (309) 279-3936
Listing date Jun 7, 2026
Source Xome
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 Jim Maloof/REALTOR
HighLights
- Numerous updates completed in 2022, including a new metal roof, HVAC system, paint, and flooring
- Central air cooling with heating listed as “3”
- Bright interior with large windows bringing natural light throughout the space
- Includes two ADA‑accessible restrooms
- Basement dewatering system
- Oversized parking lot for customers, clients, or employees
Overview
Located at 7319 N University Street in Peoria, IL 61614, the property is positioned on an excellent high-traffic site with outstanding visibility. An oversized parking lot is available on-site to support customers, clients, or employees.
With these recent capital updates and a storefront configuration designed to serve walk-in and visibility-driven traffic, the building can be a practical fit for a range of retail and service concepts seeking a ready-to-operate space. Buyers looking for a maintained property with ADA accommodations, modernized building systems, and on-site parking should find the current configuration straightforward for occupancy. The building is available for sale and can be shown by appointment for interested investors, owner-users, and tenant representatives.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $18.00 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $44.6k | $17.10 |
| − OpEx | −$13.4k | −$5.13 |
| NOI | $31.2k | $11.97 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- ST-N Florist & Flower Delivery Peoria IL — 5003 N University St, Peoria, IL 61614
- Schnucks Peoria Floral — 4800 N University St, Peoria, IL 61614
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6220607
- Latitude
- 40.7769242
