4800 N University St - Supermarket FOR SALE


Peoria, IL 61614- North Peoria
$13,335,000 USD
212-430-5291
4800 N University St, Peoria, IL for Sale
$13,335,000 USD
Supermarket - FOR SALE
1/11
null | 6.5% Cap Rate

4800 N University St
Peoria, IL 61614
North Peoria


HIGHLIGHTS

  • Robust Traffic Counts on University Street (24k VPD) and Glen Avenue (19k VPD), and Just Over One Mile off of I-74 (40k VPD) (Source: CoStar, 2025)
  • Well Established Retail Area | Nearby National Retailers Include: HyVee, Walmart, Target, Lowe’s, Tractor Supply, Advance Auto, Culver’s, and Others
  • Thriving Community with an Average Household Income of Over $68K within Five Miles of the Subject Asset, as of 2024
  • Parks and Outdoor Recreational Facilities Nearby Include: Donovan Park, Prospect Park, Glen Oak Park, Grand View Park, WeaverRidge, and More
  • Subject is 4 Miles from Downtown Peoria with a Population of 110,460

OVERVIEW

Subject is a 86,675 Square-Foot Schnucks Grocery with CVS Pharmacy on a 6.27-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Busy Signalized Intersection | Recent Capex includes Parking Lot Resurfacing.Schnucks has Seen Rising Sales at the Location and been Recognized by The Wall Street Journal and Deloitte Private as a U.S. Best Managed Company for Four Years in a Row including 2025.

FOR SALE DETAILS

PRICE

$13,335,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Schnucks Fresh Foods

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

411

LAND DETAILS

LAND ACRES

6.27 AC

LAND SF

273,121 SF

ZONING

C

APN/PARCEL ID

14/20/401/038

ASK ABOUT THIS PROPERTY

Jesse LimonMarcus & Millichap | Limon Net Lease GroupMore Info
212-430-5291

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Jesse LimonMarcus & Millichap | Limon Net Lease GroupMore Info
212-430-5291

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.