Building Details

Building Size 2,698 SF

Year Built 1969

Year Renovated 2022

Listing Agency: Joseph & Camper Commercial w***@josephcamper.com Show Phone

Listed By: Will Hayes · License #475122056 Show Phone

Source: Thebrokerlist

Added: Feb 18 Changed: Aug 31 Last Checked: Aug 31 at 12:50AM

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Investment Insights

Based on property information with market context.

This freestanding restaurant property includes the real estate and existing restaurant furnishings, fixtures, and equipment. The installed setup includes grills, a hood, coolers, a three-compartment sink, bar fixtures, tables, chairs, and additional restaurant components. A covered outdoor seating area adds to the available customer-facing improvements. The building was constructed in 1969, and a new roof was installed in 2022.

Located at 7723 N University St in Peoria, the property occupies approximately 0.652 acres, excluding the University Street right-of-way. An annual lease with Adams Outdoor provides billboard income associated with the property. The offering combines a freestanding restaurant building, operational food-service infrastructure, and existing outdoor seating improvements.

Key Highlights

• Freestanding restaurant property at 7723 N University St, Peoria, IL 61615
• Approximately 0.652 AC, excluding University Street right‑of‑way
• Restaurant equipment includes grills, hood, coolers, and a 3 compartment sink

Property Analytics

Property Profile

Current Use

Big Juan's Tejano ... Restaurant VHYJ Limited Food Processing Plant Affordable Auto Insurance ... Marketing & Advertising Casa Amigos Restaurant

Suggested Use

Top Pick Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility Parking Lot & Garage Hotel & Motel

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

Location Intelligence

Trade Area within ½ mile

1,211

Businesses Nearby

97k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 52% Dining 33% Apparel 11% Electronics 4%

McDonald's Dining

31,964 visits/mo 0.1 miles

Dollar Tree Shops & Services

16,368 visits/mo 0.5 miles

Circle K Shops & Services

13,203 visits/mo 0.1 miles

Goodwill Apparel

10,626 visits/mo 0.5 miles

PNC Bank Shops & Services

6,692 visits/mo 0.1 miles

Demographics for 61615, IL

24,314

Population

11,334

Households

2.1

Avg Household Size

38

Median Age

53%

College-Educated

98%

High-School Grad

29.6 sq mi

ZIP Area

821

Density / Sq Mi

$82,157

Median Household Income

$50,165

Median Earnings

$1,079

Median Rent

$206,800

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The property includes restaurant equipment, bar fixtures, and a covered outdoor seating area.

Where is this conventional restaurant located?

The property is located at 7723 N University St Peoria, IL.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Freestanding restaurant property at 7723 N University St, Peoria, IL 61615; Approximately 0.652 AC, excluding University Street right‑of‑way; Restaurant equipment includes grills, hood, coolers, and a 3 compartment sink