8001 University St Peoria, IL 61615
- Commercial real estate
- 4.58 lot acres
Current Use by Public Records
- Chinmaya Mission Peoria / Religious School
- We Fix It Phone Repair / Mobile Phone Repair Shop / Electronics Repair Shop
- Batteries Plus / Car Battery Store / Battery Store
- ARi Global Solutions / Software Company
- FedEx Drop Box / Mailing Service
Property Details for 8001 University St
- Lot size
- 4.58 lot acres
- Property type
- Commercial real estate
- APN
- 14-06-476-015
- APU
- 1406476015
Description
This Peoria, Illinois property, located at 8001 N University, offers 37,750 square feet of versatile commercial space. The building, constructed in 1964 and classified as Class B, features a mix of office, industrial, and retail uses, making it suitable for a variety of businesses. The property includes a main level currently divided into four units, totaling 29,902 square feet, with some existing tenants. Unit 1A and a portion of Unit 1B are occupied until November 30, 2024, while Unit 1D is occupied until September 30, 2024. The space includes primarily office space with a rear warehouse area featuring a 10x12 overhead door. Additionally, there's 4,501 square feet available for lease on the main level and a further 4,207 square feet of finished office space on the second level, accessible by elevator. The property sits on a 4.49-acre lot, providing ample surface parking. A sprinkler system is in place. The minimum divisible space is 4,207 square feet, with a maximum contiguous space of 34,109 square feet. The property is zoned C2 and located in Peoria County, Illinois, with a zip code of 61615. Financial details are available upon request to qualified buyers with a signed NDA.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,510,000
- 6.5%
- $2,335,000
- 7%
- $2,330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,765,000
- Geo Method
- $2,590,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,210,000
- Retail
- $2,670,000
- Mixed-Use
- $2,615,000
- Hospitality
- $2,430,000
- Educational
- $2,425,000
- Residential Income
- $2,280,000
- Energy
- $2,275,000
- Income-Based Land
- $2,890,000
- Food Service
- $2,910,000
Location Insight
- Map
- Local Demand
- City
- Peoria
- County
- Peoria
- State
- Illinois
- Longitude
- -89.6223
- Latitude
- 40.7851
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
