Peoria, IL Restaurants for Lease

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East Peoria, IL West Peoria, IL Peoria Heights, IL Pekin, IL Washington, IL Morton, IL Germantown Hills, IL Dunlap, IL

8 properties

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Updated: May 7

Drive-Through Retail Restaurant

435 South Western Avenue, Peoria, IL 61605

$14 SF/Yr

3,057 sqft

3,057 SF hard corner retail/restaurant building formerly used as a Burger King and Boost Mobile
Drive‑thru on‑site with access on both S. Western Ave and W. Millman
Ample parking for customers and business operations
Traffic counts of 8,650+ cars per day
Electric was recently updated; rest is ready for tenant build‑out/remodel

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Updated: Jul 26

Freestanding Restaurant with Brewery Area

230 Conference Center Drive, East, Peoria, IL 61611

$20 SF/Yr

9,135 sqft

9,135 SF freestanding restaurant building constructed in 2007
Open kitchen and visible brewery equipment area
510 sq. ft. mezzanine above the brewery equipment
1,850 SF outdoor seating area with river views
On‑site surface parking with an 8.76/1,000 SF parking ratio

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Endcap Retail Space

378 W Washington East, Peoria, IL 61611

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1,117 sqft

Expansive windows bring abundant natural light to this retail offering.

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Retail Corner Building with Multiple Tenants

2422 N North Street, Peoria, IL 61604

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4,085 sqft 0.26 AC lot

Multi-tenant corner commercial building on North and McClure with entrances on both streets and month-to-month leases.

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Restaurant Space with Outdoor Dining

4712 North University Street, Peoria, IL 61614

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Commercial cooking equipment, a dish area, and ADA-compliant restrooms are already in place.

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Second-Generation Restaurant with Kitchen

314 W Washington St East, Peoria, IL 61611

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1.64 AC lot

Existing food-service improvements include a commercial kitchen, hood system, grease trap, and dining-area buildout.

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Turn-Key Restaurant Ready For Rent

1810 W War Memorial Dr, Peoria, IL 61614

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Fully equipped restaurant space with high visibility and ample amenities.

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Multi-Use Shopping Center

5901 N Prospect ave, Peoria, IL 61614

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Leasing options include retail, restaurant, and office configurations with existing plumbing or equipment in select spaces.

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Based on your search, we've compiled 25 Potential Opportunities for your consideration. Besides 8 Active listings in Peoria, IL, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 13 Properties for Sales.

Restaurants for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Retail Space with Loading Bay

1305 Morrissey Dr, Bloomington, IL 61701

$10 SF/Yr

Two large work areas include commercial sinks, a range, a refrigerator and a loading bay.

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Equipped Drive-Through Restaurant Building

1040 W Camp St, East Peoria, IL 61611

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5,675 sqft 1.02 AC lot

Existing food-service improvements, vehicle circulation, and expansion potential support restaurant or conversion-oriented commercial use.

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Freestanding Drive-Through Restaurant

200 Veterans Dr, East Peoria, IL 61611

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2,779 sqft

Standalone restaurant building with existing equipment and a drive-through configuration near the I-74 interchange.

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Restaurant Endcap on Veterans Parkway

305 N Veterans Pkwy, Bloomington, IL 61704

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Restaurant opportunity with high visibility near medical center and headquarters.

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Similar Spaces for Sale in Peoria, IL

Consider Similar Space for Sale. We found 13 Spaces matching your search parameters.

Mixed-Use Corner Commercial Building

2422 N North St, Peoria, IL 61604

$330,000

4,085 sqft 0.26 AC lot

Two tenant spaces include a barber shop and restaurant at a signalized intersection.

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Turnkey QSR Restaurant with Drive-Thru

1017 W Main St, Peoria, IL 61606

$425,000

3,380 sqft

Freestanding turnkey restaurant with a wrap-around drive-thru, full commercial kitchen support, and ADA-compliant facilities.

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Commercial

2210 Ne Jefferson Ave, Peoria, IL 61603

$1,300,000

4,712 sqft

Retail properties & Spaces · 4,712 SF

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Mixed-Use Building with Apartments

1219 W Main St, Peoria, IL 61606

$350,000

4,640 sqft

Ground-floor restaurant configuration with two residential apartments on the upper level.

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Remodeled Restaurant With Cafe

5805 N Knoxville Ave, Peoria, IL 61614

$1,600,000

6,779 sqft

Full-service dining, bar operations, take-away offerings, and a separate cafe-market entrance support varied hospitality operations.

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Historic Stone Restaurant Building

321 NE MADISON AVE, Peoria, IL 61603

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10,800 sqft

Historic stone restaurant building renovated in 2016, with a full commercial kitchen, multiple bars, and 150+ guest seating on the lower level.

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Freestanding Drive-Through Restaurant

2920 NE Adams St, Peoria, IL 61603

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2,947 sqft 0.88 AC lot

Adaptable freestanding restaurant facility with drive-through operations, commercial food-service infrastructure, and Heavy Industrial zoning.

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Remodeled Restaurant with Cafe

5805 N Knoxville Avenue, Peoria, IL 61614

$1,600,000

0.68 AC lot

Updated hospitality business with dining, bar, take-away, catering, and outdoor service components.

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Freestanding Restaurant with FF&E

7723 N University St, Peoria, IL 61615

$350,000

0.65 AC lot

The property includes restaurant equipment, bar fixtures, and a covered outdoor seating area.

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Gutted Restaurant Property

1321 N PARK Road, Peoria, IL 61604

$299,000

2.13 AC lot

Commercially zoned restaurant property with dedicated parking and a cleared interior ready for a new buildout.

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Free-Standing Drive-Thru Restaurant

2231 W Glen Ave, Peoria, IL 61614

$1,150,000

Former QSR with a drive-thru, fully built out and including kitchen equipment, suitable for owner-user or redevelopment.

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Freestanding Drive-Through Restaurant

8905 N Allen Rd, Peoria, IL 61615

$1,150,000

Former quick-service facility includes kitchen equipment and an existing drive-through.

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Peoria Retail Center For Sale

4410 N Knoxville Ave, Peoria, IL 61614

$2,825,000

46,620 SF retail center with value-add potential in Peoria, IL.

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Peoria, IL Restaurants Lease Rates & Market Statistics

Explore 8 Restaurants for lease in Peoria, IL on Realmo, a commercial real estate exchange covering the Peoria area. The current inventory totals 17,394 square feet of properties.

Asking lease rates for Restaurants in Peoria start at $14 SF/Yr, average $17 SF/Yr, and reach $20 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $17 SF/Yr is 44% below the Illinois state average of $30.33 SF/Yr.

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