8001 N University St - Office FOR SALE


Peoria, IL 61615- North Peoria
$1,750,000 USD
309-643-0717
8001 N University St, Peoria, IL for Sale
$1,750,000 USD
Office - FOR SALE
1/20
null | Request Cap Rate

8001 N University St
Peoria, IL 61615
North Peoria


HIGHLIGHTS

  • 37,750 sf office/retail/warehouse space for sale in North Peoria.

OVERVIEW

37,750 sf office/retail/warehouse space for sale in North Peoria. • 33,750 sf on the main level that is currently set up with four units. • Unit 1A & Unit 1B is leased thru Nov 2027 but can be available to an owner / user with 180 days’ notice to tenant. • 1A & 1B is primarily office space with some warehouse in the rear with one 10 x 12 overhead door. • Unit 1D is occupied by Batteries & Bulbs thru September 30, 2030. • Property sits on 4.49 acres and offers abundant surface parking. • Vacant areas include 4,501 SF for lease on main level and an additional 4,207 SF on 2nd level which is elevator served. • Sprinkler system • Tall ceilings allow for a conversion from office to warehouse if needed. • 1A & 1B tenant would consider staying longer if a buyer desired. • Financial information available upon request to qualified buyers with a signed NDA.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$34 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Place

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

202

LAND DETAILS

LAND ACRES

4.5 AC

LAND SF

196,020 SF

ZONING

C-2

APN/PARCEL ID

14-06-476-015

ASK ABOUT THIS PROPERTY

William HayesJoseph & Camper CommercialMore Info
309-643-0717

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William HayesJoseph & Camper CommercialMore Info
309-643-0717

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