Bed Bath & Beyond

4816 N. University Street Peoria, IL 61604

4816 N. University Street, Peoria, IL, 61604
4816 N. University Street, Peoria, IL, 61604 4816 N. University Street, Peoria, IL, 61604 4816 N. University Street, Peoria, IL, 61604 4816 N. University Street, Peoria, IL, 61604 4816 N. University Street, Peoria, IL, 61604 4816 N. University Street, Peoria, IL, 61604
FOR SALE FOR LEASE
Property Type:
Neighborhood Center
Amount:
$3,300,000
Last Verified:
Mar 27, 2024

Highlights


Description

Introducing an exceptional opportunity for retail or neighborhood center investors: a spacious 31,250 SF building in a prime location. Boasting a recent parking lot resurfacing and a roof update for long-term durability, this property provides convenience and peace of mind. Situated at a lighted intersection, it offers high visibility and accessibility, with nearby interstate access to drive customer traffic. The versatile layout caters to a range of retail or neighborhood center needs, while ample natural light creates an inviting atmosphere for customers. With its well-maintained exterior, this property presents a professional and attractive space for businesses to thrive.

Introducing an exceptional opportunity for retail or neighborhood center investors: a spacious 31,250 SF building in a prime location. Boasting a recent parking lot resurfacing and a roof update for long-term durability, this property provides convenience and peace of mind. Situated at a lighted intersection, it offers high visibility and accessibility, with nearby interstate access to drive customer traffic. The versatile layout caters to a range of retail or neighborhood center needs, while ample natural light creates an inviting atmosphere for customers. With its well-maintained exterior, this property presents a professional and attractive space for businesses to thrive.

Located in Central Peoria near the corner of University and Glen Avenue. Anchored by Schnuck's and adjacent to the Metro Centre Shopping Center. Area businesses include a mix of retail shops, restaurants and office complexes.

Building Size: 31250sq ft
Lot Size: 2.79 acres


Documents

Bed Bath Beyond, 4816 University

Units for Lease

4816 N. University Street
Space Available: 31250 SF
Lease Type: NNN

Price Per Sqft/Month: $10.00

Map of 4816 N. University Street, Peoria, IL, 61604

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.