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    5001 University St Peoria, IL 61614

    For Lease
    $8 SF/Yr

    High-traffic location, 9,200 sq ft

    Lot size:
    42,062 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 9,200 square foot retail storefront is situated within the thriving University Square Shopping Center, a 50,000 square foot center strategically located at the highly visible corner of University and Glen Avenues in Peoria County. This bustling intersection boasts significant daily traffic volume, ensuring maximum exposure for your business. The property is part of a single-story building totaling 42,062 square feet and benefits from its proximity to a variety of established national retailers. Across the street, you'll find major anchors such as Schnuck's Supermarket, Bed Bath & Beyond, and Chili's, creating a strong synergy and drawing a substantial customer base. Current tenants within the University Square Shopping Center include Plato's Closet, Friar Tuck, and Familia Dental, further demonstrating the center's appeal and success. This single-tenant space presents a unique opportunity for a business seeking a prominent location in a well-established and high-traffic retail environment. The property offers excellent visibility and accessibility, making it an ideal location for a variety of retail uses. The building itself is a single-story structure, providing convenient access and ample space for operations. This is a rare opportunity to secure a prime retail space in a premier Peoria location. Don't miss out on this chance to establish your business in a thriving commercial hub.

    Property Features for 5001 University St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,062 SF
    Total Rate
    29793.92

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    9,200 SF
    Rate per SF
    $8

    HighLights

    • Retail storefront property totaling 42,062 square feet.
    • Single‑tenant occupancy.
    • 9,200 square foot building.
    • Located in Peoria County.
    • Situated at a high‑traffic intersection of University & Glen in Peoria.
    • Strong co‑tenancy including Plato's Closet, Friar Tuck, Familia Dental, Schnuck's, Bed Bath & Beyond, and Chili's.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joseph & Camper Commercial Commercial Real Estate Agency Heath W. Hishon, ... Chiropractor Joseph Health Group Chiropractor Peoria Chiropractor - Joseph ... Chiropractor Amanda Gawelek Nurse Practitioner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply 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
    -89.61424117649
    Latitude
    40.74691123948

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, 9,200 sq ft
    Where is this retail property located?
    The property is located at 5001 University St Peoria, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Retail storefront property totaling 42,062 square feet.; Single-tenant occupancy.; 9,200 square foot building.
    Request Owner's contact information
    5001 University St Peoria, IL 61614
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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
    5001 University St Peoria, IL 61614
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