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Property profile

900 Riverside Dr East Peoria, IL 61611

FOR SALE
Turn key restaurants
Property ID
US28-1053464
6,932 SF 1.18 ac lot Built 2005
Entity Owned 3-yr Hold ~ Est. High Equity
No photos on file
For Sale
Contact for pricing 6,932 SF
900 Riverside Dr, East Peoria, IL 61611-7206
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Property summary

AI-generated overview

This exceptional 6,932 sq ft Class A restaurant space in East Peoria, IL, presents a unique investment opportunity. Located in a high-traffic shopping center off I-74, near Bass Pro Shops and Walmart, this single-tenant property boasts 95 parking spaces and 200 feet of frontage. Built in 2005, the building features a fully equipped kitchen including fryers, grills, a walk-in cooler and freezer, POS systems, and more. Currently configured for 82 diners, seating could easily expand to 120. All furniture, fixtures, and equipment (FF&E) are included, and the existing restaurant business, complete with a liquor license, is available for sale. The property sits on a 1.18-acre lot and is zoned B-3:C-1, offering flexibility for various uses. This turnkey operation is ideal for an established restaurant or a new concept looking for immediate success in a thriving location. The property is also available for lease. The APN is 01-01-29-203-004, and the address is 900 Riverside Drive, East Peoria, IL 61611.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Total area 6,932 SF
Lot 1.18 ac (51,401 SF)
APN 01-01-29-203-004
UPID US28-1053464

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$585k
CAP Approach CAP
by Request
Comparable Approach Comparable
$619k
Blend (final) Blend
$650k

Owner & transaction history

since 2022
Last sale
$900,000
3 recorded transactions
2022
$900,000
2015
Price N/A
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.1M +119.2%
Commercial (general) $600,000 +22.5%
Auto repair, garage $590,000 +20.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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