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Property profile

3523 University St Peoria, IL 61604

OFF-MARKET
Commercial real estate
Property ID
US28-4418946
9.4 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

University Plaza, located at 3523 N University St, Peoria, IL 61604, offers a prime retail opportunity. This single-story, 124,188 square foot building, constructed in 1982, features a 6,000 square foot vacant space currently available for lease. The space boasts 10-foot ceilings, two bathrooms, a small office area, and two rear loading doors, measuring 60ft x 100ft. The minimum leasable space is 3,000 square feet, with a maximum contiguous space of 6,000 square feet. The property is zoned CN and has a total of one suite. The building is situated in a high-traffic area, conveniently located near the intersection of University Street and War Memorial Drive (US 150). This vibrant retail center is anchored by established businesses such as Hobby Lobby, US Cellular, Kelly Beauty Supply, and Midwest Uniform Supply, and is surrounded by other successful retailers including Walmart, McDonald's, Dunkin' Donuts, Hardee's, and Aldi. This location provides excellent visibility and accessibility for businesses seeking a thriving retail environment in Peoria, Illinois. The property is part of a larger commercial center with multiple tenants. There are no elevators in the building.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 9.4 ac (409,464 SF)
APN 14-29-327-025
UPID US28-4418946

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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