8001 University St Peoria, IL 61615
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37,750 SF Flex Space, High ROI Potential
Property size:
37,750 SFProperty Features for 8001 University St
General Information
- Property type
- Individual retail properties
- Square Feet
- 37,750 SF
- Class
- B
- Lot Size
- 195,584 SF
Building Details
- Year Built
- 1964
- Stories
- 2
Listing Agency: Joseph & Camper Commercial Listing Agent: Will Hayes
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use property, located at 8001 N University St in Peoria, IL, presents a compelling value-add investment opportunity. The 37,750 square foot building, constructed in 1964, sits on a generous 4.49-acre lot and features a blend of office, retail, and warehouse space. Currently configured with multiple units, the main level (29,902 SF) houses several tenants, including ARI (through November 30, 2024) and Batteries & Bulbs (through September 30, 2024). Unit 1A and a portion of Unit 1B are primarily office space with some rear warehouse space including a 10x12 overhead door. An additional 4,501 square feet on the main level and 4,207 square feet of finished office space on the second level are available for lease. The second floor is conveniently served by an elevator. The property boasts 203 surface parking spaces and one loading dock. The building is equipped with a sprinkler system and is zoned C-2. Financial details are available upon request to qualified buyers with a signed NDA. This property offers significant upside potential, enhanced by its location and the possibility of leveraging Enterprise Zone Incentives. Asking price is $1,900,000 ($50.33/SF). The property is a two-story Class B building with a Net Net Net (NNN) lease structure.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
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
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.621912722809
- Latitude
- 40.784494783489
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FAQs
What type of property is this?
Individual retail property - 37,750 SF Flex Space, High ROI Potential
Where is this individual retail property located?
The property is located at 8001 University St Peoria, IL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: $1,900,000 asking price for a 37,750 square foot mixed-use property in Peoria, IL.; Class B, multi-tenant building with flex, storefront, and traditional office space.; Located on a 4.49-acre lot with 203 parking spaces and one loading dock.
