8919 University StPeoria, IL 61615

For Sale
$900,000
Large commercial building, multiple tenants, ample parking.

Overview

Added:
Feb 3
Days on market:
72
This expansive 20,000 square foot commercial building, situated on a 1.61-acre lot at 8919 N University Street in Peoria, IL, presents a significant investment opportunity. Currently housing multiple businesses, the property offers substantial versatility and income potential. A key tenant is The Tac Shack, a thriving gun and gear shop featuring an indoor shooting range, live action simulator, gunsmith services, online webstore, and online auctions. The Tac Shack also provides knowledgeable instruction, meeting space suitable for various events, and a comprehensive membership program with numerous perks including free range use, firearm rentals, and discounted services. The ample parking available caters to the needs of all tenants and their customers. The building's size and diverse tenant mix make it an attractive proposition for investors seeking a stable and potentially expanding revenue stream in a busy Peoria location. The existing businesses demonstrate the property's adaptability to a range of commercial uses, offering significant upside for future development and tenant diversification. This property is ideal for those seeking a substantial commercial investment with immediate income generation and long-term growth potential. The property is priced at $900,000.

Property Details for 8919 University St

Property type
Commercial real estate
Square Feet
20,000 SF
Year Built
1960
Lot Size (sq. ft)
70,132 SF

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.79633
Longitude
-89.62212
8919 University St, Peoria, Illinois

FAQs

What type of property is this?
Commercial real estate - Large commercial building, multiple tenants, ample parking.
Where is the commercial real estate located?
The property is located at 8919 University St Peoria, IL.
What is the asking price?
The asking price for this property is $900,000.
How can I contact the broker?
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8919 University St
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