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    Property profile & analytics
    OFF-MARKET Estimated value $950,000
    Turn key restaurants

    230 Conference Ctr Dr, East Peoria, IL 61611-9501

    8,411 SF 2.25 ac lot Built 2007
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US28-0870252
    Property summary
    AI-generated overview

    This exceptional 8,411 square foot restaurant and event center presents a unique investment opportunity. Situated on a 2.25-acre lot in Tazewell County, this single-tenant property boasts a prime location overlooking the Illinois River. The building is zoned B3 and offers a fully built-out interior, ready for immediate operation. The open kitchen concept is a highlight, featuring a main dining area, an aft kitchen with extensive dish and prep areas, and auxiliary hoods for fry preparation. Brewing enthusiasts will appreciate the five 527-gallon brewing tanks, complete with a walk-in reserve cooler. Ample storage is provided by multiple walk-in freezers and coolers. A fully furnished bar area complements the space, and an outdoor dining area provides stunning river views. This turnkey operation has the potential to generate significant revenue, making it an ideal acquisition for a discerning restaurateur or investor. The property's current configuration is designed to maximize efficiency and profitability, offering a rare opportunity to establish a thriving business in a highly desirable location. The seller is offering a period of free rent, further enhancing the value proposition. This is a truly one-of-a-kind opportunity to acquire a destination restaurant with exceptional potential.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2007
    Total area 8,411 SF
    Lot 2.25 ac (98,010 SF)
    APN 01-01-29-300-007
    UPID US28-0870252
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $870k
    Blend (final) Blend
    $950k
    Owner & transaction history
    Western Comfort LP · 11 yrs held
    Western Comfort LP
    since 2015
    5 recorded transactions
    2015
    $6.4M
    2007
    2007
    2007
    $675,000
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $1.3M +119.2%
    Commercial (general) $730,000 +22.5%
    Auto repair, garage $715,000 +20.1%
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