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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Turn key restaurants
900 Riverside Dr, East Peoria, IL 61611-7206
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US28-1053464
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2005
Total area
6,932 SF
Lot
1.18 ac (51,401 SF)
APN
01-01-29-203-004
UPID
US28-1053464
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
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$619k
Blend (final)
Blend
$730k
Owner & transaction history
Asia LLC · 3 yrs held
Asia LLC
since 2022
Last sale
$900,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+119.2%
Commercial (general)
$600,000
+22.5%
Auto repair, garage
$590,000
+20.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Peoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Peoria submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$650,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$490,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,075,000
Change: +119% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$590,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $900k (Sep 23 2022)
Last sale anchor
$900k
Sep 23 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$105 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$308,330
Assessed 2023
Previous assessed
$308,330
+0.0% YoY
Assessed land
$287,410
Assessed improvement
$20,920
Land market value
$862,230
Improvement market value
$62,760
Total market value
$924,990
Applied tax rate
1,013.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
6,932 SF
Lot
1.18 ac (51,401 SF)
APN
01-01-29-203-004
UPID
US28-1053464
Jurisdiction
TAZEWELL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$490,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$590,000
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Asia LLC
Entity
Mailing address
900 RIVERSIDE DR, EAST PEORIA, IL 61611-7206
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2022
$900,000
Asia LLC
Bl Applebees LLC
Special Warranty Deed
—
Sep 16, 2015
—
Bl Applebees LLC
Rsl Realty LLC
Grant Deed
—
Mar 15, 2005
—
Rsl Realty LLC
—
Trustees Deed
related
$1,000,000 · Midamerica National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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