Gutted Restaurant
For Sale
$299,000
1321 N PARK Road, Peoria, IL 61604
Commercial Sale, Peoria, IL
Property Size6,676 SF
Lot Size2.13 Acres
Price / SF$44.79
Days on Market183
Property Features for 1321 N PARK Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIAL
Directions
FARMINGTON RD TO N ON PARK TO PROPERTY ON L.
Standard status
Active
APN
18-06-279-010
Lot size
2.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NELSON CLARKS RES'Y & SUB NE 1/4 SEC 6-8-8E BEG 523.6' N OF INTERSEC W LN PARK RD & N LN FARMINGTON
Tax Annual Amount
13699
Legal Description
NELSON CLARKS RES'Y & SUB NE 1/4 SEC 6-8-8E BEG 523.6' N OF INTERSEC W LN PARK RD & N LN FARMINGTON
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Brick, Block, Ornamental Block
Roof type
Flat, Membrane
Listing Agency:
Adam Merrick Real Estate
(309) 282-1000
Listed By:
Adam Merrick · License #471018071
(309) 678-3734
Added: Mar 5
Changed: Aug 19
Last Checked: Sep 4 at 6:06AM
MLS# PA1264632
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property presents a cleared interior following a complete gut renovation, allowing a future owner to establish a new layout and operating concept. Existing physical characteristics include brick, block, and ornamental block construction, concrete flooring, a flat membrane roof, forced-air heating, natural gas service, and central air conditioning. Dedicated parking is included on the property.
The site is located at 1321 N Park Road in Peoria, directly across from Bradley Park. It has commercial zoning, public sewer service, and an established building envelope suited to redevelopment as a restaurant or related commercial concept.
The site is located at 1321 N Park Road in Peoria, directly across from Bradley Park. It has commercial zoning, public sewer service, and an established building envelope suited to redevelopment as a restaurant or related commercial concept.
Key Highlights
- Complete interior gutting provides a cleared starting point for redevelopment
- Commercial zoning supports restaurant‑focused property planning
- Dedicated parking included on the property
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Casey's General Store
Shops & Services
15,396 visits/mo
0.2 miles
Demographics for 61604, IL
29,344
Population
13,341
Households
2.2
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
1,931
Density / Sq Mi
$50,628
Median Household Income
$34,577
Median Earnings
$904
Median Rent
$100,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercially zoned restaurant property with dedicated parking and a cleared interior ready for a new buildout.
Where is this conventional restaurant located?
The property is located at 1321 N PARK Road Peoria, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Complete interior gutting provides a cleared starting point for redevelopment; Commercial zoning supports restaurant‑focused property planning; Dedicated parking included on the property
