- 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.
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Contacts
Will Hayes
Joseph & Camper Commercial
Location
Located at 5016 N University St, Peoria, IL 61614, this property is part of the Central Peoria neighborhood.
Contact Listing Broker
Will Hayes
Joseph & Camper Commercial