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    Turnkey Cigar Lounge Business
    Updated: Oct 24, 2025
    Turnkey Cigar Lounge Business

    3901 N Prospect Road, Peoria Heights, IL 61616

    $450,000
    1,534 sqft
    Fully furnished cigar lounge interior with TVs
    Premium cigar inventory and humidors included
    Well‑ventilated smoking environment
    Great street visibility on high‑traffic Prospect Road
    NDA required; owner retiring
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    This listing looks promising.

    Here's a quick look at some key insights for

    3901 N Prospect Road, Peoria Heights, IL 61616

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    • Est. Cap Rate

      4.1%
      NOI ÷ price

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $263K
      Suggested

    • Property Type

      Single Family Residence
      Built 1930
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    Turnkey Cigar Lounge
    Updated: Oct 24, 2025
    Turnkey Cigar Lounge

    3901 N PROSPECT Road, Peoria Heights, IL 61616

    $450,000
    Well‑established cigar lounge in Peoria Heights on high‑traffic Prospect Road with great street visibility
    Ash Cigar Lounge is fully furnished and described as turnkey operation with a well‑designed interior
    Premium cigar inventory and humidors are included with the sale
    Features comfortable seating areas and TVs, with a well‑ventilated smoking environment
    Property utilities/services listed: public sewer and natural gas heating, with central air cooling
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    Restaurant Building with Banquet Space
    Restaurant Building with Banquet Space

    4538 N Prospect Rd, Peoria Heights, IL 61616

    Contact for pricing
    5,866 sqft

    Remodeled restaurant in Peoria Heights with commercial hood, walk-in, and dining plus banquet and lounge areas.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Peoria Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Freestanding Restaurant and Brewery
    Freestanding Restaurant and Brewery

    230 Conference Center Drive, East Peoria, IL 61611

    $3,500,000
    9,135 sqft

    Custom-built restaurant with an open-view brewery tank area, open-view kitchen, mezzanine, and outdoor river-view seating.

    View details
    Peoria Retail Center For Sale
    Peoria Retail Center For Sale

    4410 N Knoxville Ave, Peoria, IL 61614

    $2,825,000
    46,620 sqft

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

    View details
    NNN Mixed-Use Strip Center with Parking
    NNN Mixed-Use Strip Center with Parking

    4325 N Sheridan Rd, Peoria, IL 61614

    Contact for pricing
    13,978 sqft

    13,978 SF NNN strip center with 11 separately metered units for retail, dining, office, and medical uses.

    View details
    Former Applebee's Restaurant
    Former Applebee's Restaurant

    900 Riverside Dr, East Peoria, IL 61611

    Contact for pricing

    Former Applebee's restaurant on a dense retail corridor directly off Interstate 74 with major retailers nearby.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Glen Avenue Commercial Development Opportunity
    Glen Avenue Commercial Development Opportunity

    1105 W Glen Ave, Peoria, IL 61614

    Contact for pricing
    0.80 AC lot

    Prime commercial land for development in Peoria's retail corridor.

    View details
    Commercial Development Land Parcel
    Commercial Development Land Parcel

    1003-07-13 NORTH Street, Peoria, IL 61604

    $75,000
    0.80 AC lot

    Commercially zoned land offering legal descriptions for multiple lots within Groves Subdivision.

    View details
    Commercial Land Build-to-Suit Lot
    Commercial Land Build-to-Suit Lot

    W ALTA Road, Peoria, IL 61615

    $499,900
    1.29 AC lot

    Commercially zoned 1.29-acre lot available for sale or build-to-suit development in Peoria, Illinois.

    View details
    Retail Space for Sale
    Retail Space for Sale

    1300 WASHINGTON Street, Washington, IL 61571

    $850,000
    1.50 AC lot

    Retail space offered for sale with commercial zoning at 1300 Washington Street in Washington, Illinois.

    View details

    Peoria Heights, IL Restaurants Market Trends and Statistics

    Explore 3 restaurants for sale in Peoria Heights, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,400 square feet of properties for sale, with an estimated market value of $900,000.

    Sale prices for restaurant properties in Peoria Heights, IL average $450,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 2
    Conventional restaurants 2
    Commercial kitchens 1

    Demographics Overview

    Population 5,834
    Population Growth (5Y) -1.3%
    Median Household Income $62,083
    College Educated 40.4%

    High-Yield Neighborhoods for Investment

    Identify Peoria Heights submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61616 $450K

    Taxes & Financing

    Tax Rate (average for all types) 8.92%
    Property Tax per SF $2.11 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Peoria County

    New Delisted

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