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Flex Suite with Dock Access
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8701 N University Street #A, Peoria, IL 61615

Office and retail configuration includes multiple work areas, kitchenette, restroom, and rear loading access.

Space SizeContact for details
Property Size14,684 SF
Days on Market860

Property Features for 8701 N University Street #A

General Information

Standard status Active
Size 14,684 SF
Zoning I-1
Lease Type Gross

Taxes and HOA fees

Annual Taxes $12,710

Building Details

Building Size 14,684 SF
Listing Agency: RE/MAX Traders Unlimited
Listed By: Jessica Ball · License #475175281
Source: Craggsrealtors
Added: Apr 25, 2024 Changed: Aug 30 Last Checked: Aug 31 at 5:10PM

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 RE/MAX Traders Unlimited

Investment Insights

Based on property information with market context.

This 1,835-square-foot flex suite at 8701 N University Street #A combines office and retail space within Peoria Pioneer Industrial Park. The layout includes two front entrances, multiple office areas, a work room, closets, kitchenette, and restroom. A 114-square-foot garage area adds functional storage or work space, with rear low-door dock access. The dock door measures 8 feet wide by 7 feet tall.

The suite is positioned on N University Street in Peoria, Illinois. Its storefront arrangement provides two points of entry at the front, while the rear dock serves the garage area. The property is zoned I-1 and is offered under a gross lease structure, with the tenant responsible for utilities and the Peoria Stormwater portion.

Key Highlights

  • 1,835 SF flex suite with office and retail configuration
  • Two front entrances provide separate access points
  • Multiple offices, work room, closets, kitchenette, and restroom

Property Analytics

Current Use

Krey Optical Lab Ophthalmologist Ausdal Financial Partners Financial Advisor Financial Consulting Resources Financial Advisor Berthel Fisher & Co Financial Advisor

Suggested Use

Top Pick Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Florist Tattoo & Piercing 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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

635
Businesses Nearby
Well-served
Demand for This Use

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

Market

Lease Benchmarks for Peoria, IL

$14.5 /SF/Yr
Avg Asking Price
$6–$22 /SF/Yr
Price Range
12,025 SF
Avg Space Size

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?
Flex space - Office and retail configuration includes multiple work areas, kitchenette, restroom, and rear loading access.
Where is this flex space located?
The property is located at 8701 N University Street #A Peoria, IL.
What are key features of this property?
This property features: 1,835 SF flex suite with office and retail configuration; Two front entrances provide separate access points; Multiple offices, work room, closets, kitchenette, and restroom
More about this property
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