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Central Peoria Retail Opportunity
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4816 N University St, Peoria, IL 61614

Retail property for sale in central Peoria near University.

Property Size31,250 SF
Price / SF$105.60
Days on Market885

Property Features for 4816 N University St

General Information

Standard status Active
Size 31,250 SF
Property subtype Retail
Listing Agency: Maloof Commercial Real Estate
Listed By: Daniel Maloof · License #IL 475122647
Source: Crexi
Added: Mar 19, 2024 Changed: Aug 8 Last Checked: Aug 20 at 9:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maloof Commercial Real Estate

Investment Insights

Based on property information with market context.

This retail property is located in central Peoria, near the corner of University Street and Glen Avenue. The property is anchored by Schnuck's and is adjacent to The Metro Centre Shopping Center. The surrounding area features a mix of retail shops, restaurants, and office complexes. The property size is 31,250 square feet.

Key Highlights

  • Located in Central Peoria
  • Anchored by Schnuck's
  • Adjacent to The Metro Centre Shopping Center

Property Analytics

Current Use

Spirit Halloween (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Auto Repair Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,275
Businesses Nearby
273k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 41% Groceries 27% Shops & Services 24% Apparel 5%
Kroger Groceries
31,272 visits/mo 0.4 miles
Schnucks Groceries
27,814 visits/mo 0.1 miles
Chili's Grill & Bar Dining
25,059 visits/mo 0.2 miles
Culver's Dining
24,558 visits/mo 0.2 miles
CEFCU Shops & Services
16,853 visits/mo 0.5 miles

Demographics for 61614, IL

27,119
Population
13,870
Households
2
Avg Household Size
41
Median Age
46%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,260
Density / Sq Mi
$68,379
Median Household Income
$46,540
Median Earnings
$948
Median Rent
$169,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail property for sale in central Peoria near University.
Where is this shopping center located?
The property is located at 4816 N University St Peoria, IL.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Located in Central Peoria; Anchored by Schnuck's; Adjacent to The Metro Centre Shopping Center
(309) 693-3000 Call to check price and availability
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