8919 University StPeoria, IL 61615

Property Details for 8919 University St

Lot size

1.62 AC

Property type

Commercial real estate

APN

14-06-227-027

APU

1406227027

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $14,584,357

  Hospitality

  $13,359,192

  Educational

  $11,114,691

  Medical

  $11,496,942

  Retail

  $17,289,520

Location Insight

City

Peoria

County

Peoria

State

Illinois

Latitude

40.7963

Longitude

-89.6221

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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