7820 N University St Peoria, IL 61614

Property Details for 7820 N University St

Lot size

1.20 lot acres

Property type

Commercial real estate

APN

14-08-101-002

APU

1408101002

Description

This exceptional two-story brick office building, situated at the high-traffic intersection of University Street and Pioneer Parkway in North Peoria (Peoria County), offers a fantastic opportunity for businesses seeking flexible and conveniently located space. Boasting 18,000 square feet, the Class B building, constructed in 1978, provides multiple tenancy options with spaces ranging from a minimum of 366 square feet to a maximum contiguous space of 1,760 square feet; three spaces are currently available. The property sits on a 1.2-acre lot and enjoys excellent visibility with approximately 35,600 cars passing daily. The building features a convenient elevator for accessibility to the second floor. Ample free parking is available for tenants and their clients. The location benefits from its proximity to a variety of retail establishments and restaurants, enhancing convenience and attracting employees. The flexible floor plans cater to diverse business needs, and competitive rental rates are available. The net operating expenses are $4.83 per square foot. This property presents a compelling opportunity for businesses seeking a well-located, functional, and accessible office space in a thriving area of Peoria.