Property summary
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
VerifiedCap rate & NOI
Current use
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Nail Salon
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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