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Flexible Mixed-Use Property
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7405 N University St, Peoria, IL 61614

Open floor areas, private offices, and a layout that can accommodate two distinct commercial suites.

Property Size7,970 SF
Lot Size1.54 Acres
Days on Market143

Property Features for 7405 N University St

General Information

Standard status Active
Size 7,970 SF
Lot size 1.54 Acres
Property subtype Mixed Use, Office, Retail
Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #IL 475.122056
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 4:02PM

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.

This 7,970-square-foot mixed-use property combines broad open areas near the front with multiple offices positioned through the center and rear. The arrangement supports a range of commercial configurations and can be separated into two individual units. The building was most recently occupied by a fitness group.

The property occupies 1.54 acres along N University St in Peoria, just north of the University and Willow Knolls Drive intersection. Paved parking is situated behind the building, providing substantial on-site parking capacity for the property’s commercial layout.

Key Highlights

  • 7,970 SF mixed‑use commercial building
  • 1.54‑acre site along N University St
  • Two large open areas at the front of the building

Property Analytics

Current Use

Palmer Allen Do Physician

Suggested Use

Top Pick Restaurant Law Firm Garden Center 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

1,036
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Open floor areas, private offices, and a layout that can accommodate two distinct commercial suites.
Where is this mixed-use property located?
The property is located at 7405 N University St Peoria, IL.
What are key features of this property?
This property features: 7,970 SF mixed‑use commercial building; 1.54‑acre site along N University St; Two large open areas at the front of the building
(309) 643-0717 Call to check price and availability
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