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Restaurant Building with Banquet Space
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4538 N Prospect Rd, Peoria Heights, IL 61616

Remodeled restaurant in Peoria Heights with commercial hood, walk-in, and dining plus banquet and lounge areas.

Space Size5,866 SF
Days on Market114

Property Features for 4538 N Prospect Rd

General Information

Standard status Active
Size 5,866 SF
Property subtype RETAIL
Lease Type NNN

Additional Details

Commercial Hood Yes

Building Details

Year Renovated 2016

Spaces For Lease

at 4538 N Prospect Rd Contact us

4538 N Prospect Rd $12.75/SF/Yr

Floor
Bldg
Size
5,866 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
• Ready for your restaurant concept! • Located in Peoria Heights in the heart...
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Listing Agency: Joseph & Camper Commercial
Listed By: Steve Reeves · License ##475.190510
Source: Moodyscre
Added: May 19 Changed: Sep 4 Last Checked: Sep 8 at 3:25AM

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 building is set up for full foodservice operations, with back-of-house improvements including a commercial hood and walk-in, a dry stock area, and a locking liquor/security room. Additional back-of-house features include a dedicated dish area, a manager’s office, three bathrooms, and two back-of-house point(s) of ingress/egress for employees and deliveries.

Front-of-house space includes a main dining area with a pass-through window to the kitchen, an auxiliary dining area, and a rear lounge area that was formerly used as a gaming room. The layout also includes a stage, a large party/banquet room, and dual front entrances for patrons.

The interior was remodeled in 2016, with a new roof and HVAC installed in 2021.

Key Highlights

  • Remodeled restaurant in Peoria Heights with Back of House hood and walk‑in
  • Back of House includes dry stock area, locking liquor/security room, and manager’s office
  • Back of House layout has two employee/delivery ingress/egress points and three bathrooms

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office Electrical Service Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center

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
Commercial hood
NNN (Triple Net)
Lease Type
$1.91 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

666
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 65% Groceries 35%
BP Shops & Services
5,792 visits/mo 0.2 miles
Save-A-Lot Groceries
5,672 visits/mo 0.2 miles
Mobil Shops & Services
2,633 visits/mo 0.3 miles
O'Reilly Auto Parts Shops & Services
2,084 visits/mo 0.3 miles

Demographics for 61616, IL

5,966
Population
3,119
Households
1.9
Avg Household Size
38
Median Age
27%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
2,386
Density / Sq Mi
$62,083
Median Household Income
$36,604
Median Earnings
$921
Median Rent
$118,000
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

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

What type of property is this?
Conventional restaurant - Remodeled restaurant in Peoria Heights with commercial hood, walk-in, and dining plus banquet and lounge areas.
Where is this conventional restaurant located?
The property is located at 4538 N Prospect Rd Peoria Heights, IL.
What is the lease rate?
The lease rate is $12.75 SF/Yr.
What are key features of this property?
This property features: Remodeled restaurant in Peoria Heights with Back of House hood and walk‑in; Back of House includes dry stock area, locking liquor/security room, and manager’s office; Back of House layout has two employee/delivery ingress/egress points and three bathrooms
(309) 550-0139 Call to check price and availability
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