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    OFF-MARKET
    Neighborhood centers

    2619 University St, Peoria, IL 61604

    8,270 SF
    Property ID
    Property summary
    AI-generated overview

    This single-story, 8,270 square foot retail strip center is located at 2619 & 2621 N. University Street in Peoria, Illinois, zip code 61604. The property consists of one building with multiple tenancies, offering a minimum divisible space of 870 square feet. Currently, 870 square feet is available for lease. This prime retail space enjoys a high-traffic location on a major Peoria thoroughfare, boasting excellent visibility and convenient access to interstate highways. The property benefits from its strategic position within a densely populated area featuring a mix of residential and retail establishments. Nearby businesses include well-established names such as Landmark Recreation Center, Hobby Lobby, Walmart, and Agatucci's Pizza, creating a strong commercial environment and attracting significant foot traffic. This presents a compelling opportunity for businesses seeking high visibility and convenient access to a diverse customer base. The property's location ensures strong potential for growth and profitability.

    Property profile
    Verified
    Property type Neighborhood centers
    Total area 8,270 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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