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321 NE Madison Ave Peoria, IL 61603

Sponsored
For Sale
$2,800,000

COMMERCIAL - Peoria, IL

Lot size:
0.80 Acres
Days on Market:
291
Last Refresh:
Jan 5 at 3:06 pm

Property Features for 321 NE Madison Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
18-04-478-004
Lot size
0.80 Acres

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air

Building Details

Floors in Building
1
Flooring type
Wood
Building materials
Brick, Stone, Frame
Roof type
Composition

The Real Estate Group, Inc. (217) 787-7000 [email protected]

Listing agent Dan Sperry

Listing date Mar 21, 2025

Copyright © 2025 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.


Overview

Iconic Restaurant & Brewpub Opportunity

An exceptional opportunity exists to acquire a turnkey restaurant and brewpub situated in the heart of downtown Peoria. This established business generates $2.1 million in annual sales, reflecting its strong market presence. Substantial renovations totaling over $3 million were completed five years ago, ensuring modern functionality and aesthetic appeal. The property, originally constructed in 1870 and fully remodeled in 2016, seamlessly blends historic charm with contemporary design, earning recognition for its award-winning architecture. The location is in close proximity to the riverfront, offering high visibility and accessibility to both local residents and tourists. The full-service kitchen supports a 150-seat dining room encompassing 10,000 square feet. The property features a spacious outdoor patio equipped for bocce ball and other activities, creating a family- and pet-friendly environment. The brewhouse, spanning 2,600 square feet, has a 15-barrel capacity, facilitating the production of a diverse range of in-house brews. An enclosed beer garden with a full bar provides an ideal setting for hosting private events or live entertainment. The lot size is 0.8 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Obed & Isaac's Microbrewery ... Brewpub

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Canterbury Creations, Panaderia Ortiz Bakery

Location Insight

  • Map
  • Local Demand
City
Peoria
County
Peoria
State
Illinois
Longitude
-89.588616
Latitude
40.696359

FAQs

What type of property is this?
Restaurant - Turnkey restaurant and brewpub in downtown Peoria for sale.
Where is this restaurant located?
The property is located at 321 NE Madison Ave Peoria, IL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: - $2.1 million in annual sales as a turnkey restaurant and brewpub business.; - Prime downtown location with high visibility, steps from the riverfront.; - Award-winning architecture, fully remodeled in 2016 with over $3 million invested.
More about this property
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