Search
Restaurant Space with Full Kitchen
For Lease
Contact for pricing

4538 N Prospect Rd, Peoria Heights, IL 61616

Turnkey restaurant buildout includes a commercial hood, walk-in, and remodeled dining areas with dual patron entrances.

Property Size5,866 SF
Days on Market73

Property Features for 4538 N Prospect Rd

General Information

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

Additional Details

Commercial Hood Yes

Building Details

Year Renovated 2021
Listing Agency: Joseph & Camper Commercial
Listed By: Steve Reeves
Source: Moodyscre
Added: May 19 Changed: Jul 27 Last Checked: Jul 29 at 3:01PM

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 space is set up for a full concept with substantial back-of-house infrastructure and finished guest areas. The kitchen includes a commercial hood and walk-in, a dry stock area, a locking liquor/security room, a dish area, and a manager’s office. Back-of-house operations are supported by two employee and delivery ingress/egress points, and the layout includes three bathrooms.

Front-of-house features 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. Additional space includes a stage and a large party/banquet room, with dual front entrances for patrons.

The interior was remodeled in 2016. The property also received a new roof and HVAC in 2021.

Key Highlights

  • Turnkey restaurant buildout with commercial hood, walk‑in, and remodeled interior dining areas.
  • Back of House includes a commercial hood, walk‑in, dry stock area, and locking liquor/security room.
  • Employee and delivery access: two Back of House ingress/egress points.

Property Analytics

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
$2.21 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

621
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 0.3 miles
Save-A-Lot Groceries
5,672 visits/mo 0.3 miles
Mobil Shops & Services
2,633 visits/mo 0.5 miles
O'Reilly Auto Parts Shops & Services
2,084 visits/mo 0.5 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

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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turnkey restaurant buildout includes a commercial hood, walk-in, and remodeled dining areas with dual patron entrances.
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 $14.75 SF/Yr.
What are key features of this property?
This property features: Turnkey restaurant buildout with commercial hood, walk‑in, and remodeled interior dining areas.; Back of House includes a commercial hood, walk‑in, dry stock area, and locking liquor/security room.; Employee and delivery access: two Back of House ingress/egress points.
(309) 550-0139 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message