Freestanding Drive-Through
For Sale
Contact for pricing
200 Veterans Dr, East Peoria, IL 61611
Standalone restaurant building with an existing drive-through configuration and equipment available.
Property Size2,779 SF
Price / SF$134.94
Days on Market279
Property Features for 200 Veterans Dr
General Information
Standard status
Active
Size
2,779 SF
Property subtype
RETAIL
Listing Agency:
Joseph & Camper Commercial
(309) 691-5919
Listed By:
Will Hayes · License #475122056
(309) 643-0717
Source:
Moodyscre
Added: Jan 9
Changed: Oct 12
Last Checked: Oct 14 at 11:45PM
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 Joseph & Camper Commercial
Investment Insights
Based on property information with market context.
The 2,779 SF standalone restaurant building is configured for drive-through service, with existing restaurant equipment available. The property is offered for sale or lease, and ownership is also open to a build-to-suit arrangement or ground lease structure.
The site is on Veterans Drive near the I-74 interchange and approximately 1 mile from the Levee District. Washington St carries 7,900 cars per day, while Veterans Dr records 4,400 cpd.
Within a 5-mile radius, the property is surrounded by a population of 96,327 across 40,814 households, with an average income of $66,738.
The site is on Veterans Drive near the I-74 interchange and approximately 1 mile from the Levee District. Washington St carries 7,900 cars per day, while Veterans Dr records 4,400 cpd.
Within a 5-mile radius, the property is surrounded by a population of 96,327 across 40,814 households, with an average income of $66,738.
Key Highlights
- 2,779 SF restaurant building with drive‑through configuration
- Existing restaurant equipment available
- Approximately 1 mile from the Levee District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,075
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,500
$581.5K
Cap Rate 7%
$415,357
$415.4K
Cap Rate 9%
$323,056
$323.1K
Market Conditions
NOI Build-Up for 2,779 SF
Gross rent
$41.7K $15.00/SF
− Vacancy
−$2.9K −$1.05/SF
EGI
$38.8K $13.95/SF
− OpEx
−$9.7K −$3.49/SF
NOI
$29.1K $10.46/SF
Area
Tazewell County, IL
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,500
Cap Rate 7%
$415,357
Cap Rate 9%
$323,056
Alternative Uses
Best Use
Specialty Retail
$415.4K
$363.4K – $484.6K
NOI $29,075 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$951.5K – $1.27M
NOI $76,123 @ 7.0% cap · market cap 20.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 37%
Hotels & Casinos 8%
Sunoco
Shops & Services
3,407 visits/mo
0.2 miles
SUBWAY
Dining
2,416 visits/mo
0.4 miles
Super 8 by Wyndham Peoria East
Hotels & Casinos
607 visits/mo
0.1 miles
Gerber Collision & Glass
Shops & Services
578 visits/mo
0.1 miles
Twistee Treat
Dining
282 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Standalone restaurant building with an existing drive-through configuration and equipment available.
Where is this drive through restaurant located?
The property is located at 200 Veterans Dr East Peoria, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,779 SF restaurant building with drive‑through configuration; Existing restaurant equipment available; Approximately 1 mile from the Levee District
