Peoria, IL Restaurants for Sale

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East Peoria, IL Bartonville, IL West Peoria, IL Creve Coeur, IL Peoria Heights, IL Spring Bay, IL Washington, IL Pekin, IL

18 properties

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Updated: Jun 17

Turnkey QSR Restaurant with Drive-Thru

1017 W Main St, Peoria, IL 61606

$425,000

3,380 sqft

3,380 SF freestanding fast‑casual/QSR restaurant at 1017 W Main St, Peoria, IL 61606
Built‑in walk‑in cooler/freezer plus commercial kitchen hookups and a professional grease interceptor layout
3‑phase electrical infrastructure for fryers, automated lines, and heavy HVAC loads
Fully paved wrap‑around drive‑thru lane with ingress/egress directly on Main Street
ADA‑compliant facilities for both customers and staff

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1017 W Main St, Peoria, IL 61606

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Est. Cap Rate

4.8%
NOI ÷ price
Est. NOI

$20K
Annual
Price @ 7% Cap

$291K
Suggested

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Updated: Mar 5

Restaurant Redevelopment Site with Parking

1321 N PARK Road, Peoria, IL 61604

$299,000

2.13 AC lot

6,676‑square‑foot interior has been completely gutted for redevelopment
2.13‑acre lot with dedicated parking spaces
Directly across from Bradley Park
COMMERCIAL zoning
Forced air heating with natural gas and central air cooling

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Turnkey Restaurant and Cafe

5805 N Knoxville Avenue, Peoria, IL 61614

$1,600,000

0.68 AC lot

Multi-revenue restaurant with bar and take-away, plus a separate cafe/market entrance, fully remodeled and ready to operate.

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Mixed-Use Restaurant Building

1219 W MAIN Street, Peoria, IL 61606

$350,000

Commercial building configured with a main-level restaurant and two upstairs apartments, offering additional space for expansion.

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Restaurant and Coffee Shop Property

3624 N University St, Peoria, IL 61604

$2,999,000

1,268 sqft

Commercial property offered for coffee shop and restaurant use, sized to support a dedicated food-and-beverage tenant.

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Gutted Restaurant Building with Parking

1321 N Park Road, Peoria, IL 61604

$299,000

6,676 sqft 2.19 AC lot

Interior space has been completely gutted for redevelopment on a 2.19-acre lot with dedicated parking.

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Brick Mixed-Use Building

2305 LINCOLN Avenue, Peoria, IL 61605

$150,000

3,154 sqft

Two-level property combining an updated apartment with adaptable commercial space, garage stalls, and private parking.

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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.

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Retail and Warehouse Building For Sale

1221 South Laramie Street, Peoria, IL 61605

$275,000

7,400 sqft

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

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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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Gutted Restaurant Building

1321 N PARK Road, Peoria, IL 61604

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6,676 sqft 2.19 AC lot

Interior space has been completely gutted, leaving a cleared 6,676-square-foot restaurant building on a 2.19-acre lot with dedicated parking.

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Hardee’s NNN Restaurant with Lease

3909 W War Memorial Dr, Peoria, IL 61615

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4,744 sqft 1.26 AC lot

Hardee’s on 1.26 acres with an absolute NNN lease and 9.5 years of primary term remaining.

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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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Historic Entertainment Venue

400 Ne Perry Avenue, Peoria, IL 61603

$3,900,000

Renovated historic theater with furnished interior, seating, and supporting banquet hall, bar, and commercial kitchen.

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Industrial, Office, Retail

2210 NE JEFFERSON Avenue, Peoria, IL 61603

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4,712 sqft

Retail properties & Spaces · 4,712 SF

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Drive-Through Restaurant for Sale

2600 SW Jefferson, Peoria, IL 61605

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Ernie's Drive-in is offered for sale with approximately $250K per year in sales.

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Restaurant Building with Turn-Key Kitchen

211 NE Adams St, Peoria, IL 61602

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Historic downtown restaurant building with a finished basement kitchen and large banquet-style rooms on the main floors.

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Prime Redevelopment Opportunity on Main

514 W MAIN Street, Peoria, IL 61606

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31,333 sqft 1.65 AC lot

1.65 acres on Main St, ideal for redevelopment.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Peoria, IL, we suggest to view alternatives - similar 11 Off-Market properties to explore as potential leads.

Off-Market Properties in Peoria, IL

Consider similar Off-Market properties in Peoria, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Lifestyle centers

10405 Centerway Dr, Peoria, IL 61615

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2,127 sqft

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Restaurants

0 Grand Prairie Dr, Peoria, IL 61615

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Restaurants

0 American Prairie Dr, Peoria, IL 61615

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Restaurants

0 American Prairie Dr, Peoria, IL 61615

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Restaurants

6001 Knoxville Ave, Peoria, IL 61614

Value Estimation by Request

5,506 sqft

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Restaurants

0 American Prairie Dr, Peoria, IL 61615

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Peoria, IL Restaurants Market Trends and Statistics

Explore 29 restaurants for sale in Peoria, IL, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 126,763 square feet of properties for sale, with an estimated market value of $14,272,000.

Sale prices for restaurant properties in Peoria, IL start at $150,000, averaging $1,297,454, and reaching up to $3,900,000 — 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

Demographics Overview

Population 161K

Population Growth (5Y) -4.8%

Median Household Income $60,369

College Educated 13.0%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
61605	$275K
61606	$375K
61602	$599K
61604	$1M
61614	$1.9M

Taxes & Financing

Tax Rate (average for all types) 9.17%

Property Tax per SF $24.08 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Peoria County

New Delisted

Property Size Breakdown

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

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