5300 W War Memorial Dr Peoria, IL 61615

Listing agency Marcus & Millichap - Palo Alto

Listed by Steve Sauter · License #CA 01084092

Source Crexi

Added: Apr 12 Updated: Jul 21 at 3:57AM Checked: Jul 22 at 5:24PM

Report an Issue

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 Marcus & Millichap - Palo Alto

---

Investment Insights

Based on property information with market context.

Former TGI Friday's restaurant on approximately 1.68 acres, totaling about 6,121 square feet of improvements. The site includes 121 on-site parking spaces. Tenant signage is available on a large shared monumental sign. The sale includes existing kitchen equipment and bar/dining room seating, supporting an owner-user or operator looking to step into a turn-key foodservice setup.

The property is located with easy access to Highway 6 and is directly across the street from The Shoppes at Grand Prairie, anchored by Marshalls, DSW, Home Goods, and Dicks Sporting Goods.

This offering presents a single restaurant facility within a larger retail corridor, with substantial parking and the included operational equipment and furnishings.

Key Highlights

• Former TGI Friday’s restaurant with about 6,121 SF of improvements on about 1.68 acres in Peoria, IL
• 121 on‑site parking spaces for guest and staff parking
• Property sale includes existing kitchen equipment and bar/dining room seating

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $1,699,000

  6,800 SF

  Automotive Sales and Service Facility

  Car dealership sales and service center with multiple office areas and a 7-bay service shop with 10' overhead doors.

  1613 W Pioneer Parkway, Peoria, IL, IL 61615

  View Details
• 

  $870,344

  13,978 SF

  Mixed-Use Commercial Strip Center

  Mixed-use commercial strip center with 11 units in Peoria, IL.

  4325 N Sheridan Road, Peoria, IL 61614

  View Details
• 

  $599,000

  14,966 SF

  Downtown Mixed-Use Theater Complex

  Interconnected three-story mixed-use complex with on-site theater and direct rear parking deck access.

  309-311 Main Street, Peoria, IL 61602

  View Details
• 

  $550,000

  1,536 SF

  Turnkey Dirt Track Stadium

  Fully equipped 1/4-mile dirt oval motorsports venue with grandstands, lighting, concessions, and an on-site two-story office.

  3520 W Farmington Rd, Peoria, IL 61604

  View Details
• 

  $3,788,000

  40,697 SF

  Government Office Building Investment

  Institutionally leased government office with 100% occupancy under a gross lease and scheduled rental increases.

  607 Main St, Peoria, IL 61602

  View Details
• 

  $420,000

  11,496 SF

  West Peoria Two-Story Office Building

  Two-story office building in West Peoria on 2.8 acres.

  1716 N. University St. West, Peoria, IL 61604

  View Details
• 

  $3,084,000

  1,268 SF

  Restaurant and Coffee Shop Property

  Commercial property offered for coffee shop and restaurant use, sized to support a dedicated food-and-beverage tenant.

  3624 N University St, Peoria, IL 61604

  View Details
• 

  $6,225,000

  62,697 SF

  Two-Property Government Office Portfolio

  Two government office buildings in Peoria are 100% occupied on gross leases with 2% annual rent escalations.

  2001 NE Jefferson Avenue, Peoria, IL 61603

  View Details
• 

  $170,000

  800 SF

  Historic Storefront with Oak Facade

  Approximately 800 sq. ft. storefront with original hardwood floors, exposed brick, and a handcrafted oak storefront with large glass windows.

  1209 SW Adams Street, Peoria, IL 61602

  View Details
• 

  $1,200,000

  18,748 SF

  Dock-High Warehouse with Office

  Heated warehouse includes an 8' dock and drive-in doors, plus a dedicated office area with conference and private offices.

  1506 W Luthy Dr, Peoria, IL 61615

  View Details
• 

  $299,000

  6,676 SF

  Gutted Restaurant Building with Parking

  Interior space has been completely gutted for redevelopment on a 2.19-acre lot with dedicated parking.

  1321 N Park Road, Peoria, IL 61604

  View Details
• 

  $500,000

  9,100 SF

  Automotive Workshop and Storage

  Automotive workshop plus 15 storage units and a leased sales lot, all on about 2 acres on Farmington Road.

  3523 W Farmington Road, Peoria, IL 61604

  View Details

FAQs

What type of property is this?

Conventional restaurant - Former restaurant building on 1.68 acres with 121 on-site parking spaces and included kitchen equipment and bar/dining seating.

Where is this conventional restaurant located?

The property is located at 5300 W War Memorial Dr Peoria, IL.

What are key features of this property?

This property features: Former TGI Friday’s restaurant with about 6,121 SF of improvements on about 1.68 acres in Peoria, IL; 121 on‑site parking spaces for guest and staff parking; Property sale includes existing kitchen equipment and bar/dining room seating