5805 N Knoxville Avenue Peoria, IL 61614
COMMERCIAL - Peoria, IL
- Added:
- Dec 1, 2025
- Days on Market:
- 222
- Last Refresh:
- Jul 11 at 1:06 pm
Property Features for 5805 N Knoxville Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 1416376004
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 16528
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
Listing agent Brandon Shaffer License #471019606 (309) 663-7653
Listing office BHHS Central Illinois, REALTORS 1 Brickyard Drive Suite. A, Bloomington, IL (309) 663-7653
Listing date Dec 1, 2025
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The operation includes multiple revenue streams such as dine-in service, bar sales, grab-and-go offerings, and established catering/large group and corporate capabilities. Parking is provided for 100+ vehicles. The property is positioned within a well-traveled Peoria park setting with consistent activity from families, walkers, outdoor enthusiasts, and visitors attending community events.
A pre-negotiated long-term lease is reported to be in place with options secured through 2038, intended to provide stability and predictable overhead.
Key Highlights
- Hospitality business with 6,779 SF finished space on 29,620 SF property
- Multiple revenue streams: full‑service dining, bar sales, grab‑and‑go market, and established catering/large group & corporate capabilities
- Separate cafe/market entrance for breakfast service, coffee, baked goods, deli items, and prepared meals
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 | $122.0k | $18.00 |
| − Vacancy | −$6.1k | −$0.90 |
| EGI | $115.9k | $17.10 |
| − OpEx | −$29.0k | −$4.27 |
| NOI | $86.9k | $12.83 |
