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    4319 N Prospect Rd Peoria Heights, IL 61616

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    For Sale
    $825,000

    Turn-key restaurant/bar with patio and ample parking for sale.

    Property size:
    5,079 SF
    Lot size:
    0.54 Acres

    Property Features for 4319 N Prospect Rd

    General Information

    Size
    5,079 SF
    Lot size
    0.54 Acres

    Source: Maloof Commercial Agent Jason Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Restaurant/Bar For Sale

    This is a turn-key restaurant and bar property available for sale. The property includes a large side patio that offers additional seating. The dining room and bar area can accommodate approximately 150 patrons. A walk-in beer cooler is attached to the bar. The fully equipped kitchen features a Vulcan convection oven and a walk-in cooler/freezer. The property benefits from two parking lots, providing ample parking for customers. The building size is 5079 square feet and is located in Peoria Heights, IL. This property is suitable for restaurants, retail properties, bars, and turn key restaurants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    A Matter of Taste Catering

    Location Insight

    • Map
    • Local Demand
    City
    Peoria Heights
    County
    Peoria
    State
    Illinois
    Longitude
    -89.574546
    Latitude
    40.7398213

    Nearby Similar for Sale

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    • $450,000
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      Established Cigar Lounge For Sale

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    • $600,000

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant/bar with patio and ample parking for sale.
    Where is this restaurant located?
    The property is located at 4319 N Prospect Rd Peoria Heights, IL.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Turn-key restaurant/bar ready for immediate operation.; - Large side patio significantly expands seating capacity.; - Seating for ±150 in dining room and bar.
    (309) 693-3000
    Request Owner's contact information
    4319 N Prospect Rd Peoria Heights, IL 61616
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    Peoria Heights, IL 61616
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4319 N Prospect Rd Peoria Heights, IL 61616
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