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    Peoria, IL Restaurants for Sale

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    East Peoria, IL Bartonville, IL West Peoria, IL Creve Coeur, IL Peoria Heights, IL Pekin, IL Washington, IL North Pekin, IL
    13 properties
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    Remodeled Restaurant with Cafe
    Updated: Dec 1, 2025
    Remodeled Restaurant with Cafe

    5805 N Knoxville Avenue, Peoria, IL 61614

    $1,600,000
    0.68 AC lot
    Approximately 6,779 square feet of finished restaurant space on roughly 0.68 acres
    Remodeled facility with dining room, bar, outdoor dining, and cafe/market entrance
    Multiple operating channels include dine‑in, take‑away, catering, and large‑group service
    Cafe and market component offers breakfast, coffee, baked goods, deli items, and prepared meals
    Parking for 100+ vehicles
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    Gutted Restaurant Property
    Updated: Mar 5
    Gutted Restaurant Property

    1321 N PARK Road, Peoria, IL 61604

    $299,000
    2.13 AC lot
    Complete interior gutting provides a cleared starting point for redevelopment
    Commercial zoning supports restaurant‑focused property planning
    Dedicated parking included on the property
    Directly across from Bradley Park
    Brick, block, and ornamental block construction
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    Mixed-Use Corner Commercial Building
    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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    See hot listings in Peoria

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Turnkey QSR Restaurant with Drive-Thru
    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
    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
    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Remodeled Restaurant With Cafe
    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
    Historic Stone Restaurant Building

    321 NE MADISON AVE, Peoria, IL 61603

    Contact for pricing
    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
    Freestanding Drive-Through Restaurant

    2920 NE Adams St, Peoria, IL 61603

    Contact for pricing
    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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    Freestanding Restaurant with FF&E
    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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    Free-Standing Drive-Thru Restaurant
    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
    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
    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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    Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 13 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.

    Freestanding Restaurant and Brewery
    Freestanding Restaurant and Brewery

    230 Conference Center Drive, East Peoria, IL 61611

    $2,999,000
    9,135 sqft

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

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    Mixed-Use Building with Rooftop Bar
    Mixed-Use Building with Rooftop Bar

    140 Washington Sq, Washington, IL 61571

    $4,900,000
    10,510 sqft

    Renovated hospitality and residential spaces combine restaurant, brew pub, rooftop, and short-term rental uses.

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    Hibachi Restaurant with Sushi Bar
    Hibachi Restaurant with Sushi Bar

    1000 Riverside Dr, East Peoria, IL 61611

    Contact for pricing
    9,000 sqft 1.80 AC lot

    Freestanding dining property with multiple grill stations, a private dining room, lounge area, and dedicated sushi service.

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    Free-Standing Drive-Thru Restaurant
    Free-Standing Drive-Thru Restaurant

    1106 Peoria St, Washington, IL 61571

    $1,200,000

    Formerly a quick-service restaurant, the free-standing building is fully built out with a drive-thru on Peoria Street.

    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.

    Commercial Development Land
    Commercial Development Land

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

    $75,000
    0.80 AC lot

    Commercial-zoned land with public water and natural gas available.

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    Commercial Land with Public Water
    Commercial Land with Public Water

    W ALTA Road, Peoria, IL 61615

    $499,900
    1.29 AC lot

    Commercially zoned land with public water and natural gas availability along W Alta Road.

    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
    B-3 Commercial Land
    B-3 Commercial Land

    150 W COURTLAND Avenue, Morton, IL 61550

    $1,800,000
    3.55 AC lot

    Level commercial land with B-3 zoning and public sewer service.

    View details

    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.

    Orange Prairie Rd
    Lifestyle centers

    0 Orange Prairie Rd, Peoria, IL 61615

    Estimated value: by Request
    6.34 AC lot
    View details
    91 & War Memorial Dr
    Neighborhood centers

    91 & War Memorial Dr, Peoria, IL 61615

    Estimated value: by Request
    468,520 sqft
    View details

    Peoria, IL Restaurants Market Trends and Statistics

    Explore 24 restaurants for sale in Peoria, IL, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 37,343 square feet of properties for sale, with an estimated market value of $11,379,000.

    Sale prices for restaurant properties in Peoria, IL start at $299,000, averaging $1,034,454, and reaching up to $2,825,000 — 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

    Conventional restaurants 13
    Drive through restaurants 5
    Bars & Pubs 4
    Coffee shops 3
    Breakfast & diners 2

    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
    61606 $375K
    61603 $650K
    61615 $750K
    61604 $1.1M
    61614 $1.8M

    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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