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    Peoria, IL
    Conventional Restaurant

    Peoria, IL Conventional Restaurants for Sale

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    East Peoria, IL Bartonville, IL West Peoria, IL Creve Coeur, IL Peoria Heights, IL Spring Bay, IL Washington, IL Pekin, IL
    7 properties
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    Restaurant Redevelopment Site with Parking
    Updated: Mar 5
    Restaurant Redevelopment Site with Parking

    1321 N PARK Road, Peoria, IL 61604

    $299,000
    2.13 AC lot
    6,676‑square‑foot interior has been completely gutted for redevelopment
    2.13‑acre lot with dedicated parking spaces
    Directly across from Bradley Park
    COMMERCIAL zoning
    Forced air heating with natural gas and central air cooling
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    Turnkey Restaurant and Cafe
    Updated: Dec 1, 2025
    Turnkey Restaurant and Cafe

    5805 N Knoxville Avenue, Peoria, IL 61614

    $1,600,000
    0.68 AC lot
    Hospitality business with 6,779 SF finished space on 29,620 SF property
    Multiple revenue streams: full‑service dining, bar sales, grab‑and‑go market, and established catering/large group & corporate capabilities
    Separate cafe/market entrance for breakfast service, coffee, baked goods, deli items, and prepared meals
    Parking for 100+ vehicles to support high‑volume traffic and special events
    Facility completely remodeled and updated; includes fixtures, inventory, supplies, recipes, and furniture included
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    Mixed-Use Restaurant Building
    Mixed-Use Restaurant Building

    1219 W MAIN Street, Peoria, IL 61606

    $350,000

    Commercial building configured with a main-level restaurant and two upstairs apartments, offering additional space for expansion.

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

    1321 N Park Road, Peoria, IL 61604

    $299,000
    6,676 sqft 2.19 AC lot

    Interior space has been completely gutted for redevelopment on a 2.19-acre lot with dedicated parking.

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    Historic Stone Restaurant Building
    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.

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    Gutted Restaurant Building
    Gutted Restaurant Building

    1321 N PARK Road, Peoria, IL 61604

    Contact for pricing
    6,676 sqft 2.19 AC lot

    Interior space has been completely gutted, leaving a cleared 6,676-square-foot restaurant building on a 2.19-acre lot with dedicated parking.

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    Hardee’s NNN Restaurant with Lease
    Hardee’s NNN Restaurant with Lease

    3909 W War Memorial Dr, Peoria, IL 61615

    Contact for pricing
    4,744 sqft 1.26 AC lot

    Hardee’s on 1.26 acres with an absolute NNN lease and 9.5 years of primary term remaining.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 7 Active listings in Peoria, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Freestanding Restaurant and Brewery
    Freestanding Restaurant and Brewery

    230 Conference Center Drive, East Peoria, IL 61611

    $3,500,000
    9,135 sqft

    Custom-built restaurant with an open-view brewery tank area, open-view kitchen, mezzanine, and outdoor river-view seating.

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    Restaurant Event Venue with Growth
    Restaurant Event Venue with Growth

    353 Court Street, Pekin, IL 61554

    $395,000

    Updated restaurant/event venue includes a rear-door carry-out area, independent access to upper floors, and new major mechanicals.

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    Warehouse with Restaurant Build-Out
    Warehouse with Restaurant Build-Out

    219 N Capitol St, Pekin, IL 61554

    Contact for pricing

    Warehouse space includes multiple overhead doors, fire suppression, and a built-out bar and restaurant area with stage and hood.

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    Former Applebee's Restaurant
    Former Applebee's Restaurant

    900 Riverside Dr, East Peoria, IL 61611

    Contact for pricing

    Former Applebee's restaurant on a dense retail corridor directly off Interstate 74 with major retailers nearby.

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    Peoria, IL Conventional Restaurants Market Trends and Statistics

    Explore 7 conventional restaurants for sale in Peoria, IL, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 28,896 square feet of properties for sale, with an estimated market value of $2,548,000.

    Sale prices for conventional restaurants in Peoria, IL start at $299,000, averaging $637,000, and reaching up to $1,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 13
    Bars & Pubs 5
    Drive through restaurants 4
    Coffee shops 3
    Commercial kitchens 3

    Demographics Overview

    Population 161K
    Population Growth (5Y) -4.8%
    Median Household Income $60,369
    College Educated 13.0%

    High-Yield Neighborhoods for Investment

    Identify Peoria submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61604 $309.3K
    61606 $350K
    61602 $599K
    61614 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 9.17%
    Property Tax per SF $24.08 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Peoria County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Peoria fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Peoria, IL

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    • 61603
    • 61606
    • 61614
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