Logan's Roadhouse
For Sale
Contact for pricing
240 Conference Center Dr, East Peoria, IL 61611
Commercially zoned restaurant property with an established operating profile.
Property Size7,268 SF
Price / SF$170.27
Days on Market190
Property Features for 240 Conference Center Dr
General Information
Standard status
Active
Size
7,268 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$99,000
Additional Details
Cap Rate
8%
Building Details
Year Built
2007
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Austin
Listed By:
Douglas Diffie · License #TX 656858
(512) 338-7872
Source:
Crexi
Added: Apr 8
Changed: Oct 14
Last Checked: Oct 12 at 9:03PM
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 Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
Logan's Roadhouse is a 7,268-square-foot restaurant property in East Peoria, Illinois. Constructed in 2007, the building is identified for restaurant use and carries Commercial zoning.
The property is located at 240 Conference Center Dr and is associated with an 8.00% CAP and a 20+ year operator. Its existing restaurant configuration and established operating history provide a defined commercial asset profile.
The property is located at 240 Conference Center Dr and is associated with an 8.00% CAP and a 20+ year operator. Its existing restaurant configuration and established operating history provide a defined commercial asset profile.
Key Highlights
- 7,268‑square‑foot restaurant property
- Logan's Roadhouse restaurant identity
- Constructed in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,041
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,820
$1.5M
Cap Rate 7%
$1,086,300
$1.1M
Cap Rate 9%
$844,900
$844.9K
Market Conditions
NOI Build-Up for 7,268 SF
Gross rent
$109.0K $15.00/SF
− Vacancy
−$7.6K −$1.05/SF
EGI
$101.4K $13.95/SF
− OpEx
−$25.3K −$3.49/SF
NOI
$76.0K $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%
$1,520,820
Cap Rate 7%
$1,086,300
Cap Rate 9%
$844,900
Alternative Uses
Best Use
Specialty Retail
$1.09M
$950.5K – $1.27M
NOI $76,041 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.84M
$2.49M – $3.32M
NOI $199,086 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
314k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Dining 28%
Shops & Services 18%
Home Improvements & Furnishings 12%
Walmart
Superstores
107,356 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
37,033 visits/mo
0.4 miles
Huck's
Shops & Services
31,928 visits/mo
0.2 miles
Culver's
Dining
31,583 visits/mo
0.2 miles
PetSmart
Shops & Services
23,824 visits/mo
0.3 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?
Conventional restaurant - Commercially zoned restaurant property with an established operating profile.
Where is this conventional restaurant located?
The property is located at 240 Conference Center Dr East Peoria, IL.
What is the asking price?
The asking price for this property is $1,237,500.
What are key features of this property?
This property features: 7,268‑square‑foot restaurant property; Logan's Roadhouse restaurant identity; Constructed in 2007
