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

Street- and garden-level spaces offered for lease with ample parking and University Street visibility.

Property Size3,904 SF
Days on Market2499

Property Features for 7501 N University St

General Information

Standard status Active
Size 3,904 SF
Total Parking Spaces 172
Property subtype RETAIL
Lease Type SF/mo

Additional Details

Traffic Count 16,400 vehicles/day

Building Details

Tenancy Multi
Listing Agency: Maloof Commercial
Listed By: Jason Miller · License #475164113
Source: Moodyscre
Added: Sep 27, 2019 Changed: Jul 28 Last Checked: Jul 30 at 8:31AM

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.

A multi-tenant retail/office building at 7501 N University St offers both street level and garden level space for lease. Available suites range from 120 SF to 3,904 SF, supporting a variety of retail and office configurations within the building’s combined retail/office layout.

The property is positioned on University Street with reported 16,400 CPD traffic and includes abundant on-site parking with over 172 spaces. The 65,000 SF building is currently operating with approximately 33 tenants and features a strong tenant retention history, including numerous tenants with 15 years or more at the property.

Key Highlights

  • 65,000 SF retail/office building on North University with street‑level and garden‑level spaces available for lease
  • High‑traffic University Street location with 16,400 CPD
  • Abundant on‑site parking with 172+ spaces

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

16,400 VPD
Traffic count
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.15 /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 30% below 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 offered for lease with ample parking and University Street visibility.
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 $2,500 /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 available for lease; High‑traffic University Street location with 16,400 CPD; Abundant on‑site parking with 172+ spaces
(309) 693-3000 Call to check price and availability
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