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    900 Riverside Dr East Peoria, IL 61611

    • Turn key restaurants
    • 6,932 SF
    • 1.18 lot acres
    For Sale
    View listing
    $1,250,000
    Value Estimation
    Last Sale
    Sep 23, 2022
    $900,000
    Location Intelligence
    Property ID
    US28-1053464
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 900 Riverside Dr

    Year built
    2005
    Lot size
    1.18 lot acres
    Property size
    6,932 SF
    Property type
    Turn key restaurants
    APN
    01-01-29-203-004
    APU
    10129203004

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $795,000
      6.5%
      $800,000
      7%
      $800,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $905,000
      Geo Method
      $835,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,080,000
      Retail
      $840,000
      Mixed-Use
      $960,000
      Hospitality
      $810,000
      Educational
      $1,000,000
      Residential Income
      $790,000
      Energy
      $855,000
      Income-Based Land
      $880,000
      Food Service
      $805,000

    Location Insight

    • Map
    • Local Demand
    City
    East Peoria
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.5825
    Latitude
    40.6832
    CBSA code
    37900
    CBSA name
    PEORIA, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $287,410
    $20,920
    $308,330
    -
    $862,230
    $62,760
    $924,990

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      230 Conference Ctr Dr

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    • Value Estimation
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      5,780 SF

      800 Riverside Dr

      RESTAURANT • 5,780 SF
      800 Riverside Dr, East Peoria, IL 61611-7216
      View Details
    • Value Estimation
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      1508 Mdw Ave

      RESTAURANT • 2,280 SF
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      View Details
    • Value Estimation
      $150,000
      8,978 SF

      1011 Washington St

      RESTAURANT • 8,978 SF
      1011 Washington St, East Peoria, IL 61611-2729
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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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
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