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7802 University St Peoria, IL 61614

Sponsored
For Sale
Contact for pricing

High-traffic location, flexible options

Property size:
6,017 SF

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional 0.98-acre commercial property at 7802 N University St, Peoria, IL 61614 presents a unique investment opportunity. The property features a 6,017 square foot, single-story building on a C1 zoned lot, offering versatile usage potential. The existing structure can be renovated to suit a buyer's needs or demolished to make way for new construction. City utilities are already in place, simplifying the development process. This mixed-use property is ideal for a variety of commercial ventures, including restaurants and storefronts, given its existing classification as Commercial, Restaurant, and Storefront. The location boasts high visibility and traffic counts, with 16,400 cars per day on University Street and 16,300 cars per day on Pioneer Parkway, ensuring significant exposure for any business. The seller offers flexible terms, including the option to renovate the existing building, construct a new building to specifications, or simply purchase the land outright. This prime Peoria location and the seller's adaptable approach make this a compelling opportunity for investors and entrepreneurs alike. The property is classified as Class C.

Property Features for 7802 University St

General Information

Property type
Individual retail properties
Square Feet
6,017 SF
Class
C
Lot Size
42,689 SF

Building Details

Buildings
1
Stories
1

HighLights

  • 0.98‑acre commercial lot at 7802 N University St, Peoria, IL.
  • 6,017 SF single‑story building on a C1 zoned lot.
  • Existing building adaptable for renovation or demolition for new construction.
  • City utilities available.
  • High visibility location with strong traffic counts (16,400+ cars/day on University St & 16,300+ cars/day on Pioneer Parkway).
  • Flexible terms offered by seller (renovate, new construction, or land purchase).
Property Profile Location Intelligence

Current Use by Public Records

vival Corporate Office

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.621537041017
Latitude
40.782299756558

FAQs

What type of property is this?
Individual retail property - High-traffic location, flexible options
Where is this individual retail property located?
The property is located at 7802 University St Peoria, IL.
What are key features of this property?
This property features: 0.98-acre commercial lot at 7802 N University St, Peoria, IL.; 6,017 SF single-story building on a C1 zoned lot.; Existing building adaptable for renovation or demolition for new construction.
More about this property
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