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North Peoria Mixed-Use Opportunity

8001 N University St, Peoria, IL 61615

For Sale
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37,750 SF office/retail/warehouse space for sale in North Peoria.

Property Size37,750 SF
Lot Size4.49 Acres
Price / SF$46.36
Days on Market932

Property Features for 8001 N University St

General Information

Standard status Active
Size 37,750 SF
Class B
Total Parking Spaces 203
Lot size 4.49 Acres
Property subtype Industrial, Mixed Use, Office, Retail
Zoning C-2
Lease Type NNN
Investment Type Value Add

Building Details

Year Built 1964
Stories 2
Tenancy Multi
Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #475122056
Source: Crexi
Added: Apr 22, 2024 Changed: Oct 26 Last Checked: Nov 8 at 7:51AM

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

Rey
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Investment Insights

Based on property information with market context.

This 37,750 square foot mixed-use property is available for sale in North Peoria. The main level comprises 33,750 square feet and is currently divided into four units. Units 1A and 1B are temporarily occupied but can be made available to an owner/user with 180 days' notice to the tenant. These units primarily consist of office space with some warehouse area in the rear, including one 10 x 12 overhead door. Unit 1D is occupied by Batteries & Bulbs through September 30, 2030. The property includes 4,501 square feet of vacant space available for lease on the main level, along with an additional 4,207 square feet of vacant space on the elevator-served second level. The building features a sprinkler system. The property is situated on 4.49 acres and offers ample surface parking. The tall ceilings allow for potential conversion from office to warehouse space if desired. The tenant in Units 1A and 1B would consider remaining if a buyer prefers. Financial information is available upon request to qualified buyers with a signed NDA.

Key Highlights

  • Large 37,750 sf office/retail/warehouse space in North Peoria.
  • Significant owner/user opportunity with 33,750 sf on the main level, potentially available with 180 days' notice.
  • Property sits on 4.49 acres with abundant surface parking.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Chinmaya Mission Peoria Religious School We Fix It ... Computer & Electronic Repair Batteries Plus Auto Parts Store ARi Global Solutions (Bike/Boat/Book/etc) Store FedEx Drop Box Postal Service

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pet Store

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

1,157
Businesses Nearby

Demographics for 61615, IL

24,314
Population
11,334
Households
2.1
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
29.6 sq mi
ZIP Area
821
Density / Sq Mi
$82,157
Median Household Income
$50,165
Median Earnings
$1,079
Median Rent
$206,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Mixed-use property - 37,750 SF office/retail/warehouse space for sale in North Peoria.
Where is this mixed-use property located?
The property is located at 8001 N University St Peoria, IL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Large 37,750 sf office/retail/warehouse space in North Peoria.; Significant owner/user opportunity with **33,750 sf on the main level**, potentially available with 180 days' notice.; Property sits on 4.49 acres with abundant surface parking.
(309) 643-0717 · Office Call to check price and availability
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