For Sale
$3,300,000

4816 University StPeoria, IL 61614

Vacant 31,250 SF Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional 31,250 square foot vacant shopping center presents a remarkable investment opportunity in Peoria, Illinois. Located at 4816 N University St, this property boasts a prime location in central Peoria, conveniently situated near the intersection of University and Glen Avenues. The property benefits from a large parking lot, an open floor plan, and excellent visibility. Its strategic placement offers easy access to major roadways and interstates, ensuring high traffic flow and accessibility for potential tenants. The property sits on a 2.79-acre lot and is priced at $105.60 per square foot. The surrounding area features a thriving mix of retail shops, restaurants, and office complexes, creating a strong commercial environment. This location is further enhanced by its proximity to Schnuck's and the Metro Centre Shopping Center, providing significant synergy and drawing substantial foot traffic. The vacant status offers a blank canvas for a wide range of retail concepts, allowing for customization and tailored development to meet specific business needs. This is a rare opportunity to acquire a well-positioned, sizable retail space in a bustling Peoria commercial district. The property's size, location, and potential make it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving market.

Highlights

  • $3,300,000 asking price for a vacant 31,250 SF retail shopping center.
  • Located in Peoria, IL at 4816 N University St, on a 2.79-acre lot.
  • Features an open floor plan, large parking lot, and central location with convenient interstate access.
  • Situated near Schnuck's and The Metro Centre Shopping Center, in a retail corridor with restaurants and office complexes.
  • Price per square foot is $105.60.

Property Details for 4816 University St

Property type
Lifestyle centers, Power centers
Square Feet
31,250 SF
Lot Size (sq. ft)
121,532 SF

Location Insight

City
Peoria
County
Peoria
State
Illinois
Latitude
40.746414
Longitude
-89.610383
4816 University St, Peoria, Illinois

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4816 University St
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