4816 University StPeoria, IL 61614

Property Details for 4816 University St

Lot size

2.79 AC

Property type

Commercial real estate

APN

14-20-401-037

APU

1420401037

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $25,117,492

  Hospitality

  $23,007,488

  Educational

  $19,141,960

  Medical

  $19,800,280

  Retail

  $29,776,382

Location Insight

City

Peoria

County

Peoria

State

Illinois

Latitude

40.7464

Longitude

-89.6104

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].