4816 University St Peoria, IL 61614
- Commercial real estate
- 2.79 lot acres
Current Use by Public Records
- Spirit Halloween / Costume Store / Party Store
Property Details for 4816 University St
- Lot size
- 2.79 lot acres
- Property type
- Commercial real estate
- APN
- 14-20-401-037
- APU
- 1420401037
Description
This exceptional 31,250 square foot vacant shopping center presents a remarkable investment opportunity in Peoria, Illinois. Located at 4816 N University St, this property boasts a prime location in central Peoria, conveniently situated near the intersection of University and Glen Avenues. The property benefits from a large parking lot, an open floor plan, and excellent visibility. Its strategic placement offers easy access to major roadways and interstates, ensuring high traffic flow and accessibility for potential tenants. The property sits on a 2.79-acre lot and is priced at $105.60 per square foot. The surrounding area features a thriving mix of retail shops, restaurants, and office complexes, creating a strong commercial environment. This location is further enhanced by its proximity to Schnuck's and the Metro Centre Shopping Center, providing significant synergy and drawing substantial foot traffic. The vacant status offers a blank canvas for a wide range of retail concepts, allowing for customization and tailored development to meet specific business needs. This is a rare opportunity to acquire a well-positioned, sizable retail space in a bustling Peoria commercial district. The property's size, location, and potential make it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6104
- Latitude
- 40.7464
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
