8001 University St Peoria, IL 61615

This exceptional mixed-use property, located at 8001 N University St in Peoria, IL, presents a compelling value-add investment opportunity. The 37,750 square foot building, constructed in 1964, sits on a generous 4.49-acre lot and features a blend of office, retail, and warehouse space. Currently configured with multiple units, the main level (29,902 SF) houses several tenants, including ARI (through November 30, 2024) and Batteries & Bulbs (through September 30, 2024). Unit 1A and a portion of Unit 1B are primarily office space with some rear warehouse space including a 10x12 overhead door. An additional 4,501 square feet on the main level and 4,207 square feet of finished office space on the second level are available for lease. The second floor is conveniently served by an elevator. The property boasts 203 surface parking spaces and one loading dock. The building is equipped with a sprinkler system and is zoned C-2. Financial details are available upon request to qualified buyers with a signed NDA. This property offers significant upside potential, enhanced by its location and the possibility of leveraging Enterprise Zone Incentives. Asking price is $1,900,000 ($50.33/SF). The property is a two-story Class B building with a Net Net Net (NNN) lease structure.