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Second-Generation Restaurant with Kitchen
For Lease
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314 W Washington St East, Peoria, IL 61611

Existing food-service improvements include a commercial kitchen, hood system, grease trap, and dining-area buildout.

Space Size4,001 SF
Property Size12,533 SF
Lot Size1.64 Acres
Days on Market139

Property Features for 314 W Washington St East

General Information

Standard status Active
Size 4,001 SF
Class C
Lot size 1.64 Acres
Property subtype Street Retail

Site & Location

Anchor Co-Tenants Target, Costco
Highway Access Yes
Road Access Yes

Restaurant

Commercial Hood Yes
Grease Trap Yes

Additional Details

Space Use Restaurant

Building Details

Building Size 12,533 SF
Year Built 2012

Spaces For Lease

at 314 W Washington St East Contact us

314 Washington

Size
4,001 SF
Lease Type
NNN
Contact us
Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #475122056
Source: Thebrokerlist
Added: Apr 14 Changed: Aug 29 Last Checked: Aug 29 at 8:21PM

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.

This restaurant property at 314 W Washington St features an existing dining-area configuration and established food-service infrastructure. Improvements include a commercial kitchen, hood system, and grease trap, providing a built-out foundation for continued restaurant operations. The building was constructed in 2012.

The property sits between Target and Costco and benefits from Washington Street frontage. Established national co-tenancy, on-site parking, and convenient access are also part of the setting. Downtown Peoria and interstate connections are minutes away. The parcel encompasses 1.64 AC.

Key Highlights

  • Second‑generation restaurant with commercial kitchen infrastructure
  • Hood system and grease trap already in place
  • Dining‑area buildout supports restaurant operations

Property Analytics

Current Use

Red Robin Gourmet ... Restaurant

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Pet Grooming Service Florist Acupuncture Locksmith

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
Yes
Commercial hood
Yes
Grease trap
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,195
Businesses Nearby
63k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 41% Hotels & Casinos 37% Electronics 16% Home Improvements & Furnishings 3%
Logan's Roadhouse Dining
10,001 visits/mo 0.5 miles
Embassy Suites By Hilton East Peoria Riverfront Hotel & Conference Center Hotels & Casinos
9,766 visits/mo 0.4 miles
Steak 'n Shake Dining
8,946 visits/mo 0.3 miles
Peoria Marriott Pere Marquette Hotels & Casinos
7,366 visits/mo 0.4 miles
GameStop Electronics
6,784 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

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 - Existing food-service improvements include a commercial kitchen, hood system, grease trap, and dining-area buildout.
Where is this conventional restaurant located?
The property is located at 314 W Washington St East Peoria, IL.
What are key features of this property?
This property features: Second‑generation restaurant with commercial kitchen infrastructure; Hood system and grease trap already in place; Dining‑area buildout supports restaurant operations
More about this property
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