Property profile

4319 Prospect Rd Peoria Heights, IL 61616

OFF-MARKET
Other commercial real estate
Property ID
US28-0517175
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This restaurant/bar property in Peoria Heights, Illinois includes a building of approximately 5,079 square feet with a dining room and bar area designed to accommodate about 150 patrons. It features a large side patio that provides additional outdoor seating and includes a walk-in beer cooler attached to the bar. The kitchen is fully equipped with a Vulcan convection oven and includes a walk-in cooler/freezer. The site has two parking lots for customer parking, and the premises are laid out to support uses such as restaurant and bar service, with potential suitability for retail-related uses depending on applicable regulations and permitting.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
APN 14-22-382-020
UPID US28-0517175

Cap rate & NOI

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

Location

4319 Prospect Rd Peoria Heights, IL 61616-6537
Peoria Heights metro Census 4300 PEORIA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$545k

Owner & transaction history

since 2022
Last sale
$565,000
5 recorded transactions
2023
Price N/A
2022
$565,000
2020
Price N/A
2009
$340,000
1969
Price N/A

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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