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    Peoria, IL
    Conventional Restaurant

    Peoria, IL Conventional Restaurants for Sale

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    Restaurant Redevelopment Site with Parking
    Updated: Mar 5
    Restaurant Redevelopment Site with Parking

    1321 N PARK Road, Peoria, IL 61604

    $299,000
    2.13 AC lot
    6,676‑square‑foot interior has been completely gutted for redevelopment
    2.13‑acre lot with dedicated parking spaces
    Directly across from Bradley Park
    COMMERCIAL zoning
    Forced air heating with natural gas and central air cooling
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    Turnkey Restaurant and Cafe
    Updated: Dec 1, 2025
    Turnkey Restaurant and Cafe

    5805 N Knoxville Avenue, Peoria, IL 61614

    $1,600,000
    0.68 AC lot
    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
    Parking for 100+ vehicles to support high‑volume traffic and special events
    Facility completely remodeled and updated; includes fixtures, inventory, supplies, recipes, and furniture included
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    Mixed-Use Restaurant and Apartment Building
    Mixed-Use Restaurant and Apartment Building

    1219 W MAIN Street, Peoria, IL 61606

    $350,000

    Commercial zoning supports a restaurant layout with two upstairs apartments.

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    Mixed-Use Corner Commercial Building
    Mixed-Use Corner Commercial Building

    2422 N North St, Peoria, IL 61604

    $330,000
    4,085 sqft 0.26 AC lot

    Two tenant spaces include a barber shop and restaurant at a signalized intersection.

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    Gutted Restaurant Building
    Gutted Restaurant Building

    1321 N Park Road, Peoria, IL 61604

    $299,000
    6,676 sqft 2.19 AC lot

    Interior space has been completely gutted, leaving a cleared 6,676-square-foot restaurant building on a 2.19-acre lot with dedicated parking.

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    Historic Stone Restaurant Building
    Historic Stone Restaurant Building

    321 NE MADISON AVE, Peoria, IL 61603

    Contact for pricing
    10,800 sqft

    Historic stone restaurant building renovated in 2016, with a full commercial kitchen, multiple bars, and 150+ guest seating on the lower level.

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    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    1219 W Main St, Peoria, IL 61606

    $350,000
    4,640 sqft

    Ground-floor restaurant configuration with two residential apartments on the upper level.

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    Hardee’s NNN Restaurant with Lease
    Hardee’s NNN Restaurant with Lease

    3909 W War Memorial Dr, Peoria, IL 61615

    Contact for pricing
    4,744 sqft 1.26 AC lot

    Hardee’s on 1.26 acres with an absolute NNN lease and 9.5 years of primary term remaining.

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    Freestanding Drive-Through Restaurant
    Freestanding Drive-Through Restaurant

    8905 N Allen Rd, Peoria, IL 61615

    $1,150,000

    Former quick-service facility includes kitchen equipment and an existing drive-through.

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    Hardee’s NNN Restaurant Property
    Hardee’s NNN Restaurant Property

    3503 NE Adams St, Peoria, IL 61603

    Contact for pricing
    2,983 sqft 0.79 AC lot

    Operating restaurant with an absolute NNN lease and multiple renewal options.

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    Remodeled Full-Service Restaurant
    Remodeled Full-Service Restaurant

    5805 N Knoxville Avenue, Peoria, IL 61614

    Contact for pricing

    Remodeled hospitality operation with dining, bar, market, café, catering, and outdoor service components.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 11 Active listings in Peoria, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freestanding Restaurant and Brewery
    Freestanding Restaurant and Brewery

    230 Conference Center Drive, East Peoria, IL 61611

    $3,500,000
    9,135 sqft

    Custom-built restaurant with an open-view brewery tank area, open-view kitchen, mezzanine, and outdoor river-view seating.

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    Former Restaurant with Equipment
    Former Restaurant with Equipment

    127 E Ashland St, Morton, IL 61550

    Contact for pricing
    5,091 sqft

    Former restaurant offers two dining rooms, a large bar area, and remaining kitchen refrigeration and equipment.

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    Logan's Roadhouse Restaurant
    Logan's Roadhouse Restaurant

    240 Conference Center Dr, East Peoria, IL 61611

    Contact for pricing
    7,268 sqft

    Commercially zoned restaurant property with an established operating profile.

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    Drive-Thru Restaurant Opportunity
    Drive-Thru Restaurant Opportunity

    151 E Ashland St, Morton, IL 61550

    Contact for pricing

    Restaurant for sale in Morton, IL with sit-down, drive-thru, and front window service.

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    Peoria, IL Conventional Restaurants Market Trends and Statistics

    Explore 11 conventional restaurants for sale in Peoria, IL, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 33,928 square feet of properties for sale, with an estimated market value of $4,378,000.

    Sale prices for conventional restaurants in Peoria, IL start at $299,000, averaging $625,428, and reaching up to $1,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 16
    Drive through restaurants 8
    Bars & Pubs 5
    Coffee shops 4
    Commercial kitchens 3

    Demographics Overview

    Population 161K
    Population Growth (5Y) -4.8%
    Median Household Income $60,369
    College Educated 13.0%

    High-Yield Neighborhoods for Investment

    Identify Peoria submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61604 $309.3K
    61606 $350K
    61602 $599K
    61614 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 9.17%
    Property Tax per SF $24.08 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Peoria County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Peoria fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Peoria, IL

    • 61604
    • 61603
    • 61606
    • 61614
    • 61615

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