For Sale
$1,250,000

3624 University St Peoria, IL 61604

2.44 acre commercial lot, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 2.443-acre commercial land parcel, located at 3624 N University Street in Peoria, Illinois (APN 1429401021), presents a unique investment opportunity. Situated in a high-traffic area at the intersection of War Memorial and University, this property is part of a significant redevelopment project. The entire almost 5-acre parcel is undergoing transformation, including grade improvements to street level, construction of a new access road for enhanced traffic flow, and potential direct connection to War Memorial Drive via a TIF district. This offering includes Lot 2 and Lot 3, totaling 2.443 acres, with the option to purchase each lot separately (Lot 2: 1.31 acres

Highlights

  • Utilities: City water, sewer, gas, and electric available.
  • Located in a Tax Increment Financing (TIF) District.
  • Due diligence package available including environmental survey, aerial photo, legal description, topo map, appraisal, survey, traffic count, and demographics.
  • Vacant; appointments only; property signage in place.

Property Details for 3624 University St

Property type
Land
Square Feet
197,762 SF
Lot Size (sq. ft)
106,417 SF

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.732204820678
Longitude
-89.612540728457
3624 University St, Peoria, Illinois

FAQs

What type of property is this?
Land - 2.44 acre commercial lot, prime location.
Where is the land located?
The property is located at 3624 University St Peoria, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Utilities: City water, sewer, gas, and electric available.; Located in a Tax Increment Financing (TIF) District.; Due diligence package available including environmental survey, aerial photo, legal description, topo map, appraisal, survey, traffic count, and demographics.
How can I contact the broker?
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3624 University St
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