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N University St
Peoria, IL 61604
Land For Sale · 4.88 AC

Investment Highlights

  • Peoria's Highest Traffic Count Intersection
  • Potential to Connect to War Memorial Directly
  • Access Road Being Constructed for Better Traffic Flow

Executive Summary

Be a part of the Redevelopment of War Memorial & University - the highest traffic count intersection in Peoria! The kickoff project for the development of this corner is the new Dutch Brothers Coffee (Fall 2026). The entire almost 5 acre Parcel area is being redeveloped with grades coming down to just above street level, access road being constructed for better traffic flow and site access and potential to connect to War Memorial drive directly is in progress with the TIF district creation. Lot 2 & 3 total 2.443 acres or you can purchase lot 2 (1.31 acres) or lot 3 (1.133 acres) separately. The redevelopment will have access road complete with utility rough-in stubbed to out lot boundary. Be a part of the redevelopment of this highly desirable corner!

Property Facts

Sale Type Investment
No. Lots 3
Property Type Land
Property Subtype Commercial
Total Lot Size 4.88 AC
Zoning Commercial

3 Lots Available

Lot 2 & 3

Price $1,722,500 CAD
Price Per AC $705,942.63 CAD
Lot Size 2.44 AC

Area is being redeveloped with grades coming down to just above street level, access road being constructed for better traffic flow and site access and potential to connect to War Memorial drive directly is in progress with the TIF district creation.

Lot 2

Price $1,377,311 CAD
Price Per AC $1,051,382.46 CAD
Lot Size 1.31 AC

Area is being redeveloped with grades coming down to just above street level, access road being constructed for better traffic flow and site access and potential to connect to War Memorial drive directly is in progress with the TIF district creation.

Lot 3

Price $480,922 CAD
Price Per AC $425,594.70 CAD
Lot Size 1.13 AC

Area is being redeveloped with grades coming down to just above street level, access road being constructed for better traffic flow and site access and potential to connect to War Memorial drive directly is in progress with the TIF district creation.

Description

The entire almost 5 acre Parcel area is being redeveloped with grades coming down to just above street level, access road being constructed for better traffic flow and site access and potential to connect to War Memorial drive directly is in progress with the TIF district creation. Lot 2 & 3 total 2.443 acres or you can purchase lot 2 (1.31 acres) or lot 3 (1.133 acres) separately. The redevelopment will have access road complete with utility rough-in stubbed to out lot boundary.

Property Taxes

Property Taxes

Parcel Number
14-29-401-021
Land Assessment
$442,118 CAD
Improvements Assessment
$0 CAD
Total Assessment
$442,118 CAD
  • Listing ID: 41793272

  • Date on Market: 2026-08-18

  • Last Updated:

  • Address: N University St, Peoria, IL 61604

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