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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 Pekin, IL Washington, IL North Pekin, IL
    8 properties
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    Remodeled Restaurant with Cafe
    Updated: Dec 1, 2025
    Remodeled Restaurant with Cafe

    5805 N Knoxville Avenue, Peoria, IL 61614

    $1,600,000
    0.68 AC lot
    Approximately 6,779 square feet of finished restaurant space on roughly 0.68 acres
    Remodeled facility with dining room, bar, outdoor dining, and cafe/market entrance
    Multiple operating channels include dine‑in, take‑away, catering, and large‑group service
    Cafe and market component offers breakfast, coffee, baked goods, deli items, and prepared meals
    Parking for 100+ vehicles
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    Gutted Restaurant Property
    Updated: Mar 5
    Gutted Restaurant Property

    1321 N PARK Road, Peoria, IL 61604

    $299,000
    2.13 AC lot
    Complete interior gutting provides a cleared starting point for redevelopment
    Commercial zoning supports restaurant‑focused property planning
    Dedicated parking included on the property
    Directly across from Bradley Park
    Brick, block, and ornamental block construction
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    Mixed-Use Corner Commercial Building
    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.

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    See hot listings in Peoria

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    Mixed-Use Building with Apartments
    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.

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    Remodeled Restaurant With Cafe
    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.

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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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Freestanding Restaurant with FF&E
    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.

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    Freestanding Drive-Through Restaurant
    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.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 8 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

    $2,999,000
    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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    Mixed-Use Building with Rooftop Bar
    Mixed-Use Building with Rooftop Bar

    140 Washington Sq, Washington, IL 61571

    $4,900,000
    10,510 sqft

    Renovated hospitality and residential spaces combine restaurant, brew pub, rooftop, and short-term rental uses.

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    Hibachi Restaurant with Sushi Bar
    Hibachi Restaurant with Sushi Bar

    1000 Riverside Dr, East Peoria, IL 61611

    Contact for pricing
    9,000 sqft 1.80 AC lot

    Freestanding dining property with multiple grill stations, a private dining room, lounge area, and dedicated sushi service.

    View details
    Mixed-Use Building with Rooftop Bar
    Mixed-Use Building with Rooftop Bar

    140 Washington Square, Washington, IL 61571

    $4,900,000
    0.11 AC lot

    Brick downtown property combines restaurant, brew pub, rooftop bar, and four short-term rental units.

    View details

    Peoria, IL Conventional Restaurants Market Trends and Statistics

    Explore 8 conventional restaurants for sale in Peoria, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 26,304 square feet of properties for sale, with an estimated market value of $5,679,000.

    Sale prices for conventional restaurants in Peoria, IL start at $299,000, averaging $811,285, 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
    Drive through restaurants 5
    Bars & Pubs 4
    Coffee shops 3
    Breakfast & diners 2

    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 $314.5K
    61606 $350K
    61615 $750K
    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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