3624 University StPeoria, IL 61604

Property Details for 3624 University St

Property type

Other commercial real estate

APN

14-29-401-021

APU

1429401021

Description

This exceptional 1.581-acre commercial land parcel, located at the highly visible corner of War Memorial Drive and University Street in Peoria, Illinois (zip code 61604), presents a unique opportunity for developers and commercial operators. Situated in a thriving commercial zone, this property boasts unparalleled visibility and accessibility, surrounded by established national brands such as McDonald's and Walgreens, ensuring high daily traffic flow. The site is zoned for commercial use and is ready for immediate development, featuring existing access points from University Street, with potential for additional access from War Memorial Drive. All utilities are conveniently located on-site. This prime location offers significant advantages, including its position within a Tax Increment Financing (TIF) district, allowing for potential collaboration with the city on development incentives. The property's versatile zoning makes it suitable for a variety of commercial projects, from small strip centers to multi-tenant shopping complexes. The asking price for this exceptional opportunity is $1,590,000. Don't miss this chance to secure a premier commercial location in Peoria's bustling market.

Location Insight

City

Peoria

County

Peoria

State

Illinois

Latitude

40.7321

Longitude

-89.6119

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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