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Former Applebee's Restaurant
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900 Riverside Dr, East Peoria, IL 61611

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

Property SizeContact for details
Days on Market142

Property Features for 900 Riverside Dr

General Information

Standard status Active
Property subtype Retail

Site & Location

Highway Access Yes
Road Access Yes
Listing Agency: Syndicated Equities
Listed By: Katie Donovan · License #IL 475.207775
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 5:02AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Syndicated Equities

Investment Insights

Based on property information with market context.

This former Applebee's restaurant is positioned directly off Interstate 74 in a dense retail corridor in East Peoria, Illinois. The tenant mix in the immediate area supports consistent daytime and evening traffic, with prominent national retailers nearby.

Across the street, major anchors include Walmart, PetSmart, and Lowe's. Immediately south of the property are Texas Roadhouse, Sally Beauty, and Office Max. Behind the property, across I-74, there is Bass Pro Shops and a Holiday Inn Express & Suites.

Within walking distance and less than half a mile west is an Embassy Suites with a 35,000-square-foot conference center. Additional national retailers within a half mile include Panera Bread, Buffalo Wild Wings, Arby's, and multiple other brands. Caterpillar’s primary U.S. manufacturing facilities are approximately half a mile southwest of the property, with additional hotels and major shopping retailers within about 1.5 miles.

Key Highlights

  • Former Applebee's restaurant located directly off Interstate 74 in a dense retail corridor
  • Across the street: Walmart, PetSmart, and Lowe's
  • Within close proximity: Texas Roadhouse, Sally Beauty, and Office Max immediately south

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Storage Facility Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service Garden Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

721
Businesses Nearby
486k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 36% Superstores 22% Apparel 17% Shops & Services 11%
Walmart Superstores
107,356 visits/mo 0.1 miles
Bass Pro Shops Apparel
81,469 visits/mo 0.2 miles
Texas Roadhouse Dining
49,261 visits/mo 0.1 miles
Lowe's Home Improvements & Furnishings
37,033 visits/mo 0.2 miles
Chili's Grill & Bar Dining
35,924 visits/mo 0.0 miles

Demographics for 61611, IL

23,837
Population
11,207
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
41.0 sq mi
ZIP Area
581
Density / Sq Mi
$76,329
Median Household Income
$44,586
Median Earnings
$942
Median Rent
$162,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Former Applebee's restaurant on a dense retail corridor directly off Interstate 74 with major retailers nearby.
Where is this conventional restaurant located?
The property is located at 900 Riverside Dr East Peoria, IL.
What are key features of this property?
This property features: Former Applebee's restaurant located directly off Interstate 74 in a dense retail corridor; Across the street: Walmart, PetSmart, and Lowe's; Within close proximity: Texas Roadhouse, Sally Beauty, and Office Max immediately south
More about this property
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