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    8001 University St Peoria, IL 61615

    Sponsored
    For Lease
    $9 SF/Yr

    Peoria, IL: Versatile Office & Warehouse Space

    Lot size:
    37,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Peoria, Illinois property, located at 8001 N University, offers 37,750 square feet of versatile commercial space. The building, constructed in 1964 and classified as Class B, features a mix of office, industrial, and retail uses, making it suitable for a variety of businesses. The property includes a main level currently divided into four units, totaling 29,902 square feet, with some existing tenants. Unit 1A and a portion of Unit 1B are occupied until November 30, 2024, while Unit 1D is occupied until September 30, 2024. The space includes primarily office space with a rear warehouse area featuring a 10x12 overhead door. Additionally, there's 4,501 square feet available for lease on the main level and a further 4,207 square feet of finished office space on the second level, accessible by elevator. The property sits on a 4.49-acre lot, providing ample surface parking. A sprinkler system is in place. The minimum divisible space is 4,207 square feet, with a maximum contiguous space of 34,109 square feet. The property is zoned C2 and located in Peoria County, Illinois, with a zip code of 61615. Financial details are available upon request to qualified buyers with a signed NDA.

    Property Features for 8001 University St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,750 SF
    Class
    B
    Total Rate
    29885.42

    Building Details

    Year Built
    1964

    Unit(s) available at that property

    Space
    Suite 1C
    Size
    4,501 SF
    Rate per SF
    $9
    Space
    Suite 2C
    Size
    4,207 SF
    Rate per SF
    $9

    HighLights

    • 37,750 SF of versatile commercial space in Peoria, IL.
    • Class B building (1964 construction) with office, industrial, & retail space.
    • Main level features four units (29,902 SF) with some existing tenants; leases expire 9/30/24 & 11/30/24.
    • 4,501 SF of main level and 4,207 SF of second‑level office space available for lease.
    • 4.49‑acre lot with ample surface parking and sprinkler system.
    • Minimum divisible space: 4,207 SF; maximum contiguous space: 34,109 SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chinmaya Mission Peoria Religious School We Fix It ... Mobile Phone Repair Shop Batteries Plus Car Battery Store ARi Global Solutions Software Company FedEx Drop Box Mailing Service

    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
    -89.6213512464
    Latitude
    40.78444442772

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    FAQs

    What type of property is this?
    Restaurant - Peoria, IL: Versatile Office & Warehouse Space
    Where is this restaurant located?
    The property is located at 8001 University St Peoria, IL.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 37,750 SF of versatile commercial space in Peoria, IL.; Class B building (1964 construction) with office, industrial, & retail space.; Main level features four units (29,902 SF) with some existing tenants; leases expire 9/30/24 & 11/30/24.
    Request Owner's contact information
    8001 University St Peoria, IL 61615
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    Peoria, IL 61615
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8001 University St Peoria, IL 61615
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