Restaurant and Bar with Banquet
New
For Sale
$749,900
4538 N Prospect Rd Peoria, Peoria Heights, IL 61616
Built-in restaurant infrastructure includes a commercial kitchen, multiple dining areas, bars, lounge space and separate service entrances.
Property Size5,866 SF
Price / SF$127.84
Days on Market2
Property Features for 4538 N Prospect Rd Peoria
General Information
Standard status
Active
Size
5,866 SF
Property subtype
Restaurant
Additional Details
Commercial Hood
Yes
Building Details
Building Size
5,866 SF
Year Renovated
2021
Listing Agency:
Joseph & Camper Commercial
Listed By:
Tammy Risinger
(309) 691-5919
Source:
Thebrokerlist
Added: Oct 28
Last Checked: Oct 28 at 2:47PM
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
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Investment Insights
Based on property information with market context.
This 5,866-square-foot restaurant and bar property includes a commercial kitchen with a hood system and walk-in cooler. Its layout also has multiple dining areas, front and rear bars, a banquet room, lounge space and a stage, with separate employee and delivery entrances. The front and rear bars were remodeled in 2016, and the roof and HVAC systems were replaced in 2021.
The property is on N Prospect Road in Peoria Heights and is described as part of the area’s Restaurant Row dining and entertainment corridor. It is within a TIF district, with buildout funds available and a $10,000 signage grant.
The property is on N Prospect Road in Peoria Heights and is described as part of the area’s Restaurant Row dining and entertainment corridor. It is within a TIF district, with buildout funds available and a $10,000 signage grant.
Key Highlights
- 5,866 SF restaurant and bar property
- Commercial kitchen with hood system and walk‑in cooler
- Multiple dining areas, front and rear bars, banquet room, lounge and stage
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Built-in restaurant infrastructure includes a commercial kitchen, multiple dining areas, bars, lounge space and separate service entrances.
Where is this conventional restaurant located?
The property is located at 4538 N Prospect Rd Peoria Peoria Heights, IL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 5,866 SF restaurant and bar property; Commercial kitchen with hood system and walk‑in cooler; Multiple dining areas, front and rear bars, banquet room, lounge and stage
