5016 N University St

5016 N University St, Peoria, IL 61614

Property Information

  • For Sale $670,000
  • Property Type Office - General Office
  • Property Size 11,649 SF
  • Units 10
  • Lot Size 1.65 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1980
  • Date Updated Aug 28, 2026

Description

GLENHAVEN ADD NE 1/4 SEC 20-9-8E LOTS 11-12-13 (EXC W 1O' THEREOF)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 39.6% 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.

Contacts

Location

Located at 5016 N University St, Peoria, IL 61614, this property is part of the Central Peoria neighborhood.

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