Peoria, IL Conventional restaurants for Rent & Lease

Updated: Jul 26

Freestanding Restaurant with Brewery Area

230 Conference Center Drive, East, Peoria, IL 61611

$20 SF/Yr

9,135 sqft

9,135 SF freestanding restaurant building constructed in 2007
Open kitchen and visible brewery equipment area
510 sq. ft. mezzanine above the brewery equipment
1,850 SF outdoor seating area with river views
On‑site surface parking with an 8.76/1,000 SF parking ratio

View details

Updated: Jul 20

Retail Corner Building with Multiple Tenants

2422 N North Street, Peoria, IL 61604

Contact for pricing

4,085 sqft 0.26 AC lot

4,085 SF commercial building for sale on a hard corner at North and McClure in Central Peoria
Corner property on 0.26 acres with entrances on both North and McClure
Lighted intersection location across from the Peoria Public Library
Multi‑tenant setup with two tenants: a barber and a restaurant
$2,000/month leases for each unit, both month‑to‑month

View details

Restaurant Space with Outdoor Dining

4712 North University Street, Peoria, IL 61614

Contact for pricing

Commercial cooking equipment, a dish area, and ADA-compliant restrooms are already in place.

View details

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Second-Generation Restaurant with Kitchen

314 W Washington St East, Peoria, IL 61611

Contact for pricing

1.64 AC lot

Existing food-service improvements include a commercial kitchen, hood system, grease trap, and dining-area buildout.

View details

Turn-Key Restaurant Ready For Rent

1810 W War Memorial Dr, Peoria, IL 61614

Contact for pricing

Fully equipped restaurant space with high visibility and ample amenities.

View details

Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 5 Active listings in Peoria, IL, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 8 Properties for Sales.

Conventional restaurants for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Restaurant Space with Stage

401 E Jefferson St, Springfield, IL 62701

Contact for pricing

4,850 sqft

The dining space includes a bar, private dining area, and kitchen equipment for the next operator.

View details

Equipped Drive-Through Restaurant Building

1040 W Camp St, East Peoria, IL 61611

Contact for pricing

5,675 sqft 1.02 AC lot

Existing food-service improvements, vehicle circulation, and expansion potential support restaurant or conversion-oriented commercial use.

View details

Freestanding Drive-Through Restaurant

200 Veterans Dr, East Peoria, IL 61611

Contact for pricing

2,779 sqft

Standalone restaurant building with existing equipment and a drive-through configuration near the I-74 interchange.

View details

Three-Story Restaurant Building

620 S 1ST Street, Springfield, IL 62704

Contact for pricing

0.23 AC lot

Includes a full kitchen, two bars, and furniture and fixtures offered with the building as-is.

View details

Similar Spaces for Sale in Peoria, IL

Consider Similar Space for Sale. We found 8 Spaces matching your search parameters.

Mixed-Use Corner Commercial Building

2422 N North St, Peoria, IL 61604

$330,000

4,085 sqft 0.26 AC lot

Two tenant spaces include a barber shop and restaurant at a signalized intersection.

View details

Mixed-Use Building with Apartments

1219 W Main St, Peoria, IL 61606

$350,000

4,640 sqft

Ground-floor restaurant configuration with two residential apartments on the upper level.

View details

Remodeled Restaurant With Cafe

5805 N Knoxville Ave, Peoria, IL 61614

$1,600,000

6,779 sqft

Full-service dining, bar operations, take-away offerings, and a separate cafe-market entrance support varied hospitality operations.

View details

Historic Stone Restaurant Building

321 NE MADISON AVE, Peoria, IL 61603

Contact for pricing

10,800 sqft

Historic stone restaurant building renovated in 2016, with a full commercial kitchen, multiple bars, and 150+ guest seating on the lower level.

View details

Remodeled Restaurant with Cafe

5805 N Knoxville Avenue, Peoria, IL 61614

$1,600,000

0.68 AC lot

Updated hospitality business with dining, bar, take-away, catering, and outdoor service components.

View details

Freestanding Restaurant with FF&E

7723 N University St, Peoria, IL 61615

$350,000

0.65 AC lot

The property includes restaurant equipment, bar fixtures, and a covered outdoor seating area.

View details

Gutted Restaurant Property

1321 N PARK Road, Peoria, IL 61604

$299,000

2.13 AC lot

Commercially zoned restaurant property with dedicated parking and a cleared interior ready for a new buildout.

View details

Freestanding Drive-Through Restaurant

8905 N Allen Rd, Peoria, IL 61615

$1,150,000

Former quick-service facility includes kitchen equipment and an existing drive-through.

View details

Peoria, IL Conventional restaurants Lease Rates & Market Statistics

Explore 5 Conventional restaurants for lease in Peoria, IL on Realmo, a commercial real estate exchange covering the Peoria area. The current inventory totals 13,220 square feet of properties.

Asking lease rates for Conventional restaurants in Peoria start at $20 SF/Yr, average $20 SF/Yr, and reach $20 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $20 SF/Yr is 35% below the Illinois state average of $30.58 SF/Yr.

Conventional restaurants make up 63% of the 8 Restaurants currently for lease in Peoria, with asking rates averaging $20 SF/Yr — 18% above the citywide Restaurants average of $17 SF/Yr.