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Retail/Office Building with Parking
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7501 N University St, Peoria, IL 61614

Street- and garden-level spaces are available for lease, supported by ample on-site parking and strong tenant retention.

Property Size1,950 SF
Days on Market498

Property Features for 7501 N University St

General Information

Standard status Active
Size 1,950 SF
Property subtype RETAIL
Lease Type SF/mo
Listing Agency: Maloof Commercial
Listed By: Jason Miller · License #475164113
Source: Moodyscre
Added: Mar 20, 2025 Changed: Jul 27 Last Checked: Jul 30 at 2:44PM

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 Maloof Commercial

Investment Insights

Based on property information with market context.

This retail/office building offers multiple spaces for lease across both street level and garden level. Available suites range from 120 SF to 3,904 SF, supporting flexible options for retail and office users. The property totals approximately 65,000 SF and is currently home to about 33 tenants.

Located on North University Street with reported traffic of 16,400 CPD, the building also provides abundant parking with over 172 spaces on site, helping accommodate both employees and customers. Public remarks also cite strong tenant history, including numerous tenants with 15 years or more at the location.

With its mix of street-level and garden-level configurations, the building is designed to serve a range of leasing needs within a single, maintained multi-tenant property.

Key Highlights

  • 65,000 SF retail/office building on North University with street‑level and garden‑level spaces used for retail and office.
  • Abundant on‑site parking with 172+ spaces.
  • Leasable space sizes range from 120 SF to 3,904 SF.

Property Analytics

Current Use

Illinois Alcohol & Drug ... Medical Clinic Dukes Business Consulting Business Management Consultant Sylvan Learning of Peoria Tutoring Service Armstrong James L ... Dental Office Barkley Connie Dental Office

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Carpet & Flooring Store Cafe & Coffee Shop

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

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

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

Lease Benchmarks for Peoria, IL

$11 /SF/Yr
Avg Asking Price
$10–$14 /SF/Yr
Price Range
13,827 SF
Avg Space Size

This space is priced 9% above the average of $11 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Retail space - Street- and garden-level spaces are available for lease, supported by ample on-site parking and strong tenant retention.
Where is this retail space located?
The property is located at 7501 N University St Peoria, IL.
What is the lease rate?
The lease rate is $1,950 /Mo.
What are key features of this property?
This property features: 65,000 SF retail/office building on North University with street‑level and garden‑level spaces used for retail and office.; Abundant on‑site parking with 172+ spaces.; Leasable space sizes range from 120 SF to 3,904 SF.
(309) 693-3000 Call to check price and availability
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