Peoria, IL Restaurants for Sale

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East Peoria, IL Bartonville, IL Creve Coeur, IL

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$475,000

6,676 SF

Peoria Commercial Property for Sale

1321 N PARK Road, Peoria, IL 61604

Landmark property ready for a visionary new owner.

Massive 2.19‑acre lot with dedicated parking offers rare flexibility for development.
6,676‑square‑foot interior is completely gutted, providing a clean slate for a new concept.
Located directly across from Bradley Park.
Potential for a premier outdoor entertainment venue or high‑capacity beer garden with a Special Use Permit.
Business‑friendly climate of West Peoria.

Updated: Mar 5

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$275,000

7,400 SF

Retail and Warehouse Building For Sale

1221 South Laramie Street, Peoria, IL 61605

7,400 SF multi-tenant property with restaurant and warehouse space.

7,400 SF multi‑tenant property with retail and warehouse space.
Includes the operating restaurant "Tall Bob's Ice Cream Roundup" with all furniture, fixtures, and equipment (FF&E).
5,400 SF of warehouse space divisible into two units, each with separate utilities.
Three units, each with its own Ameren meter, water meter, and sewer line.
Includes two additional parcels/lots on the NE corner of Laramie and Starr.

Updated: Sep 25, 2025

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$3,100,000

46,620 SF

Peoria Retail Center For Sale

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

4410 N Knoxville Ave, Peoria, IL 61614

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$179,900

Former Gas Station Opportunity

Former gas station with high traffic, tanks removed.

10411 GALENA Road, Peoria, IL 61615

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Multi-Venue Entertainment Complex For Sale

Contact for pricing

130,086 SF

Multi-Venue Entertainment Complex For Sale

Established entertainment complex with multiple revenue streams and investment opportunities.

3225 N Dries Ln, Peoria, IL

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$795,000

4,712 SF

Industrial, Retail

Retail properties & Spaces · 4,712 SF

2210 NE JEFFERSON Avenue, Peoria, IL 61603

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$125,000

1,863 SF

Historic Peoria Bar For Sale

Turn-key neighborhood bar with rich history and excellent cashflow.

1923 SW ADAMS Street, Peoria, IL 61602

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$999,000

31,333 SF

Prime Redevelopment Opportunity on Main

1.65 acres on Main St, ideal for redevelopment.

514 W MAIN Street, Peoria, IL 61606

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Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 8 Active listings in Peoria, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, 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.

$700,000

Downtown Bloomington Sports Bar

Established sports bar with full kitchen and gaming area.

102 W Washington St, Bloomington, IL 61701

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Bloomington Commercial Property For Sale

Contact for pricing

2,265 SF

Bloomington Commercial Property For Sale

Commercial property in Bloomington, IL, suitable for coffee shop.

1601 W Market St, Bloomington, IL 61701

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$75,000

0.17 Acres

Turn-Key Restaurant Opportunity

Established restaurant for sale in Green Valley, Illinois.

107 W MAIN Street, Green Valley, IL 61534

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$75,000

408 SF

Turnkey Restaurant Opportunity For Sale

Established restaurant with loyal customer base and all equipment included.

107 W MAIN Street, Green Valley, IL 61534

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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.

$75,000

0.80 Acres

Commercial Land For Sale

Commercial land available in Peoria, Illinois.

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

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$499,900

1.29 Acres

Commercial Lot in Peoria, IL

1.29 acre commercial lot available for sale in Peoria.

W ALTA Road, Peoria, IL 61615

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$165,000

0.14 Acres

Commercial Lot in Downtown Pekin

High-visibility commercial lot in downtown Pekin with B-3 zoning.

353 ANN ELIZA Street, Pekin, IL 61554

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$375,000

1.37 Acres

Land For Sale, Normal, IL

1.37 acre commercial land available in Normal, Illinois.

Restaurants • 1,840 SF

Value Estimation by Request

630 Main St, Peoria, IL 61606

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Peoria, IL Restaurants Investment Opportunities Market Analysis

Explore 19 restaurants for sale in Peoria, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 98,604 square feet of properties for sale, with an estimated market value of $5,769,000.

Sale prices for restaurant properties in Peoria, IL start at $125,000, averaging $961,500, and reaching up to $3,100,000 — 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

Property Size Breakdown

The majority of commercial real estate listings in Peoria fall within the 100,000+ square foot range.

Demographics Overview

Population 161K

Population Growth (5Y) -4.8%

Median Household Income $60,369

College Educated 13.0%

High-Yield Neighborhoods for Strategic Investment

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

Neighborhood	Average Price
61615	$179.9K
61605	$275K
61604	$475K
61603	$795K
61614	$3.1M

Taxes & Financing

Tax Rate (average for all types) 9.17%

Property Tax per SF $24.08 per sq ft

Average Loan-to-Value 65.0%

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Peoria, IL Restaurants for Sale

Peoria Commercial Property for Sale

Landmark property ready for a visionary new owner.

Retail and Warehouse Building For Sale

7,400 SF multi-tenant property with restaurant and warehouse space.

Peoria Retail Center For Sale

Former Gas Station Opportunity

Multi-Venue Entertainment Complex For Sale

Industrial, Retail

Historic Peoria Bar For Sale

Prime Redevelopment Opportunity on Main

Opportunities in Nearby Cities

Downtown Bloomington Sports Bar

Bloomington Commercial Property For Sale

Turn-Key Restaurant Opportunity

Turnkey Restaurant Opportunity For Sale

Potential Development Sites for Consideration

Commercial Land For Sale

Commercial Lot in Peoria, IL

Commercial Lot in Downtown Pekin

Land For Sale, Normal, IL

Off-Market Properties in Peoria, IL

10405 Centerway Dr

Grand Prairie Dr

American Prairie Dr

American Prairie Dr

6001 Knoxville Ave

American Prairie Dr

2010 Knoxville Ave

Orange Prairie Rd

Orange Prairie Rd

91 & War Memorial Dr

630 Main St

Peoria, IL Restaurants Investment Opportunities Market Analysis

Top Commercial Asset Segments

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Strategic Investment

Taxes & Financing

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