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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    3523 University St, Peoria, IL 61604-1324

    9.4 ac lot
    Entity Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US28-4418946
    Property summary
    AI-generated overview

    University Plaza, located at 3523 N University St, Peoria, IL 61604, offers a prime retail opportunity. This single-story, 124,188 square foot building, constructed in 1982, features a 6,000 square foot vacant space currently available for lease. The space boasts 10-foot ceilings, two bathrooms, a small office area, and two rear loading doors, measuring 60ft x 100ft. The minimum leasable space is 3,000 square feet, with a maximum contiguous space of 6,000 square feet. The property is zoned CN and has a total of one suite. The building is situated in a high-traffic area, conveniently located near the intersection of University Street and War Memorial Drive (US 150). This vibrant retail center is anchored by established businesses such as Hobby Lobby, US Cellular, Kelly Beauty Supply, and Midwest Uniform Supply, and is surrounded by other successful retailers including Walmart, McDonald's, Dunkin' Donuts, Hardee's, and Aldi. This location provides excellent visibility and accessibility for businesses seeking a thriving retail environment in Peoria, Illinois. The property is part of a larger commercial center with multiple tenants. There are no elevators in the building.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 9.4 ac (409,464 SF)
    APN 14-29-327-025
    UPID US28-4418946
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nail & Spa Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Baceline Value Fund I Holdings · 9 yrs held
    Baceline Value Fund I Holdings
    since 2017
    3 recorded transactions
    2017
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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