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    3125 University St Peoria, IL 61604

    For Lease
    $10 SF/Yr ($14,079 /Mo)

    Prime Peoria location, divisible space, strong co-tenancy.

    Lot size:
    16,895 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,900 square foot retail or medical office space is available for lease in a thriving multi-tenant retail center on University Street in Peoria County. The property is situated on a high-traffic retail corridor between Forest Hill and War Memorial Drive, offering excellent visibility and accessibility. The space is divisible down to 2,400 square feet, providing flexibility for various business needs. Currently, the space is a vacant shell, previously occupied by a full-service dental clinic, and retains existing plumbing infrastructure. This makes it ideally suited for another dental practice or medical office. The existing layout includes a reception area, waiting room, ten dental exam stations, two private offices, an x-ray room, a lounge/break room, and two ADA-accessible restrooms. The property is part of a larger retail center with strong co-tenancy, including Papa Murphy's Pizza, The Co-op Shop, Dotty's, Trinity Compassionate Care, Metro by T-Mobile, and Rumburgers. The building is a single-story, Class B structure with a total of 16,895 square feet. This is a single-tenant space within a larger building. The property is located in Peoria County. This prime location offers unparalleled opportunities for businesses seeking high visibility and convenient access to a dense customer base. The existing infrastructure and layout provide a significant advantage for medical or dental practices.

    Property Features for 3125 University St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,895 SF
    Class
    B
    Total Rate
    14079.17

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,900 SF
    Rate per SF
    $11

    HighLights

    • 16,895 SF single‑tenant retail/office building in Peoria County.
    • Class B, one‑story building suitable for executive or medical office use.
    • 2,400‑3,900 SF available, divisible to 2,400 SF.
    • Located in a multi‑tenant retail center near Walmart, with strong co‑tenancy.
    • Previously a dental clinic, with existing plumbing and layout adaptable for medical use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Cell Phone Store Papa Murphy's | Take ... Pizza Restaurant Dotty's Cafe Rumberger's Wings Restaurant The Co-op Shop Tobacco Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.613371810689
    Latitude
    40.726341269189

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    FAQs

    What type of property is this?
    Medical office - Prime Peoria location, divisible space, strong co-tenancy.
    Where is this medical office located?
    The property is located at 3125 University St Peoria, IL.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 16,895 SF single-tenant retail/office building in Peoria County.; Class B, one-story building suitable for executive or medical office use.; 2,400-3,900 SF available, divisible to 2,400 SF.
    Request Owner's contact information
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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
    3125 University St Peoria, IL 61604
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