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Updated Office Building with Parking
For Sale
$417,000

7319 N UNIVERSITY Street, Peoria, IL 61614

COMMERCIAL - Peoria, IL

Lot Size1.14 Acres
Days on Market53

Property Features for 7319 N UNIVERSITY Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning C1
Directions From Knoxville, R onto Pioneer Parkway, L on University. Building will be on right
Standard status Active
APN 14-07-276-009
Lot size 1.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description NE 1/4 SEC 7-9-8E BEG 33' N & 175' W OF SE COR NE 1/4 SEC 7
Tax Annual Amount 13014
Legal Description NE 1/4 SEC 7-9-8E BEG 33' N & 175' W OF SE COR NE 1/4 SEC 7

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Central Air

Building Details

Flooring type Carpet, Concrete
Building materials Brick, Block
Roof type Metal
Listing Agency: Jim Maloof Realty, Inc.
Listed By: Maryanne Czubora
Added: Jun 9 Changed: Jul 28 Last Checked: Jul 31 at 2:06AM
MLS# PA1267295

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office building has been updated with numerous improvements completed in 2022, including a new metal roof, HVAC system, paint, and flooring. Interior upgrades also include large windows designed to bring natural light throughout the space. The property features two ADA-accessible restrooms and a basement dewatering system to help manage below-grade moisture.

Zoned C1, the building is positioned in a high-traffic area where visibility is a key attribute. An oversized parking lot provides off-street parking for customers, clients, or employees.

Overall, the layout supports an owner-occupant or business use that benefits from updated systems, bright interior light, and accessible restroom facilities.

Key Highlights

  • Numerous 2022 updates: new metal roof, HVAC system, paint, and flooring
  • Central air cooling and forced‑air natural gas heating
  • Two ADA‑accessible restrooms

Property Analytics

Current Use

211 HOI Association / Organization

Suggested Use

Top Pick Restaurant Garden Center Law Firm Parking Lot & Garage Grocery & Convenience Store Storage Facility

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

Location Intelligence

Trade Area within ½ mile

879
Businesses Nearby

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

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building with 2022 updates, large windows, two ADA restrooms, and an oversized parking lot.
Where is this office building located?
The property is located at 7319 N UNIVERSITY Street Peoria, IL.
What is the asking price?
The asking price for this property is $417,000.
What are key features of this property?
This property features: Numerous 2022 updates: new metal roof, HVAC system, paint, and flooring; Central air cooling and forced‑air natural gas heating; Two ADA‑accessible restrooms
More about this property
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