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Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the East Peoria market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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