4319 N Prospect, Peoria Heights, IL
Turn-key restaurant/bar with patio and ample parking for sale.
- Added:
- Nov 27, 2025
- Days on Market:
- 200
- Last Refresh:
- Apr 5 at 10:26 pm
Property Features for 4319 N Prospect
General Information
- Standard status
- Active
- Size
- 5,079 SF
- Lot size
- 0.54 Acres
- Property subtype
- RETAIL
Listing agent Jason Miller License #IL 475164113
Listing office Maloof Commercial (309) 693-3000
Listing date Nov 27, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Maloof Commercial
HighLights
- Turn‑key restaurant/bar ready for immediate operation.
- Large side patio significantly expands seating capacity.
- Seating for ±150 in dining room and bar.
- Fully equipped kitchen with Vulcan convection oven and walk‑in cooler/freezer.
- Walk‑in beer cooler directly attached to the bar.
- Two parking lots provide ample customer parking.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.5k | $17.04 |
| − Vacancy | −$5.4k | −$1.06 |
| EGI | $81.2k | $15.98 |
| − OpEx | −$20.3k | −$4.00 |
| NOI | $60.9k | $11.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Peoria Heights
- County
- Peoria
- State
- Illinois
- Longitude
- -89.5745
- Latitude
- 40.7398
