7802 University St Peoria, IL 61614
- Commercial real estate
- 0.98 lot acres
Current Use by Public Records
- vival / Corporate Office
Property Details for 7802 University St
- Lot size
- 0.98 lot acres
- Property type
- Commercial real estate
- APN
- 14-08-101-004
- APU
- 1408101004
Description
This exceptional 0.98-acre commercial property at 7802 N University St, Peoria, IL 61614 presents a unique investment opportunity. The property features a 6,017 square foot, single-story building on a C1 zoned lot, offering versatile usage potential. The existing structure can be renovated to suit a buyer's needs or demolished to make way for new construction. City utilities are already in place, simplifying the development process. This mixed-use property is ideal for a variety of commercial ventures, including restaurants and storefronts, given its existing classification as Commercial, Restaurant, and Storefront. The location boasts high visibility and traffic counts, with 16,400 cars per day on University Street and 16,300 cars per day on Pioneer Parkway, ensuring significant exposure for any business. The seller offers flexible terms, including the option to renovate the existing building, construct a new building to specifications, or simply purchase the land outright. This prime Peoria location and the seller's adaptable approach make this a compelling opportunity for investors and entrepreneurs alike. The property is classified as Class C.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6207
- Latitude
- 40.7823
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
