5016 N University St, Peoria, IL for sale

5016 N University St, Peoria, IL 61614

Accepting Offers
5016 N University St, Peoria, IL for sale5016 N University St, Peoria, IL for sale5016 N University St, Peoria, IL for sale5016 N University St, Peoria, IL for sale
Asking Price

$670,000

5016 N University St, Peoria, IL for sale

5016 N University St, Peoria, IL 61614

Asset Type: Real Estate

Estate: Leasehold

Land Area: 1.65 Acres

Number of Units: 10

Property Type: Office

Year Built: 1980

Number of Floors: 1

Property Size: 11,649 SF

Offering Summary

Flexible Owner-User Opportunity: 11,649 SF multi-tenant office building featuring flexible suite configurations for immediate occupancy and long-term business growth. Built-In Cash Flow: Currently 61.1% occupied by established tenants, providing immediate in-place income to offset operating expenses and debt service. Immediate Space Available: 7,042 SF across four vacant suites, providing significant flexibility for owner occupancy, expansion or lease-up. Attractive Basis: Offered at $670,000 ($57.52), representing a compelling entry price relative to modern replacement costs. Flexible Multi-Suite Layout: Multi-tenant configuration allows for phased owner expansion over time as space needs evolve.

Sale FAQs

Investment Sales Broker

Will Hayes

Will Hayes

Joseph & Camper Commercial

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXXXXXX

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