5016 N University St, Peoria, IL for sale

Investment Overview

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.