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    900 Riverside Dr East Peoria, IL 61611

    Sponsored
    For Sale
    $1,250,000

    Turnkey Restaurant, High Traffic Location

    Property size:
    6,932 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional opportunity to acquire a thriving restaurant in East Peoria, Illinois. This Class A, 6,932 square foot freestanding building, constructed in 2005, is situated in a bustling shopping center just off I-74, boasting high visibility and accessibility. Anchored by Bass Pro Shops and Walmart, the center also includes Chili's, Texas Road House, Lowe's, Target, Costco, and a Holiday Inn, ensuring consistent high foot traffic. The property sits on a 1.18-acre lot with 200 feet of frontage and ample parking (95 spaces). Currently operating as a Mexican restaurant with a liquor license (available for sale separately), the business includes all furniture, fixtures, and equipment (FF&E). The spacious interior currently seats 82, with potential for expansion to 120. The fully equipped kitchen features fryers, grills, a flat top, stove, walk-in cooler and freezer, beer cooler/storage, POS systems, and extensive prep areas. The property is zoned B-3/C-1 and offers a single tenancy. This turnkey operation presents a unique investment opportunity for owner-users, with the potential for continued success in a prime location. The asking price is $1,250,000, with a price per square foot of $180. The property is 100% occupied.

    Property Features for 900 Riverside Dr

    General Information

    Property type
    Restaurants
    Square Feet
    6,932 SF
    Class
    A
    Lot Size
    51,401 SF

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,250,000 asking price for a turnkey restaurant business in East Peoria, IL.
    • 6,932 square foot, Class A restaurant building on a 1.18‑acre lot with 95 parking spaces.
    • Located in a high‑traffic shopping center near I‑74, anchored by Bass Pro Shops and Walmart, with nearby national retailers.
    • Includes all furniture, fixtures, and equipment (FF&E); existing restaurant business and liquor license available for sale.
    • Currently 100% occupied with seating for 82, expandable to 120; lease option available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Peoria
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.5824912
    Latitude
    40.6831426

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, High Traffic Location
    Where is this restaurant located?
    The property is located at 900 Riverside Dr East Peoria, IL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price for a turnkey restaurant business in East Peoria, IL.; 6,932 square foot, Class A restaurant building on a 1.18-acre lot with 95 parking spaces.; Located in a high-traffic shopping center near I-74, anchored by Bass Pro Shops and Walmart, with nearby national retailers.
    Request Owner's contact information
    900 Riverside Dr East Peoria, IL 61611
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    East Peoria, IL 61611
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    900 Riverside Dr East Peoria, IL 61611
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