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    Peoria Heights, IL Retail Properties & Spaces for Sale

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    Peoria, IL Bartonville, IL East Peoria, IL
    Turn-Key Restaurant/Bar For Sale
    Updated: Nov 27, 2025
    Turn-Key Restaurant/Bar For Sale

    4319 N Prospect, Peoria Heights, IL

    $775,000
    5,079 sqft · 0.54 AC lot
    Turn‑key restaurant/bar ready for immediate operation.
    Large side patio significantly expands seating capacity.
    Seating for ±150 in dining room and bar.
    Fully equipped kitchen with Vulcan convection oven and walk‑in cooler/freezer.
    Walk‑in beer cooler directly attached to the bar.
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    This listing looks promising.

    Here's a quick look at some key insights for

    4319 N Prospect, Peoria Heights, IL

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $61K
      Annual

    • Mortgage

      $283K
      Dec 2022

    • Last Sold

      Dec 2022
      $565K
    View Property Analytics
    Cigar Lounge Restaurant
    Updated: Oct 24, 2025
    Cigar Lounge Restaurant

    3901 N PROSPECT Road, Peoria Heights, IL 61616

    $450,000
    Ash Cigar Lounge in Peoria Heights—an established cigar lounge concept with a loyal customer base
    Fully furnished interior and included premium cigar inventory and humidors
    Natural gas heating with central air cooling
    Flooring includes tile, carpet, and wood
    Vinyl siding and frame construction with a composition roof
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    Prime Peoria Heights Development Opportunity
    Prime Peoria Heights Development Opportunity

    1001 E WAR MEMORIAL Drive, Peoria Heights, IL 61616

    $1,050,000
    5,776 sqft

    1.41 acres in Peoria Heights with retail building and development potential.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Peoria Heights, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

    Versatile Commercial Building in Peoria
    Versatile Commercial Building in Peoria

    804 E FORREST HILL Avenue, Peoria, IL 61603

    $70,000
    1,500 sqft · 0.09 AC lot

    Adaptable commercial building suitable for various business uses.

    View details
    Mixed-Use Commercial Strip Center
    Mixed-Use Commercial Strip Center

    4325 N Sheridan Road, Peoria, IL 61614

    $1,074,455
    13,978 sqft

    Mixed-use commercial strip center with 11 units in Peoria, IL.

    View details
    Corner Retail and Automotive Building
    Corner Retail and Automotive Building

    3037 N Prospect Road, Peoria, IL 61603

    $125,000
    1,144 sqft

    High-traffic corner lot with newer siding and updated office space for automotive or smaller retail uses.

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

    4410 N Knoxville Ave, Peoria, IL 61614

    $3,100,000
    46,620 sqft

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

    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.

    Peoria Land For Sale
    Peoria Land For Sale

    4314 N Sheridan Road, Peoria, IL 61614

    $1,350,000

    Commercial land available at the corner of W Lake and N Sheridan.

    View details
    Glen Avenue Commercial Development Opportunity
    Glen Avenue Commercial Development Opportunity

    1105 W Glen Ave, Peoria, IL 61614

    $275,000
    0.80 AC lot

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

    View details
    Commercial Land For Sale
    Commercial Land For Sale

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

    $75,000
    0.80 AC lot

    Commercial land available in Peoria, Illinois.

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    Commercial Lot Ready to Develop
    Commercial Lot Ready to Develop

    Eastgate Drive, Washington, IL 61571

    $198,634
    1.14 AC lot

    1.14 acre commercial lot for sale, zoned B-1.

    View details

    Off-Market Properties in Peoria Heights, IL

    Consider similar Off-Market properties in Peoria Heights, 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.

    4712 Prospect Rd
    Retail properties & Spaces

    4712 Prospect Rd, Peoria Heights, IL 61616

    Value Estimation by Request
    1,700 sqft
    View details

    Peoria Heights, IL Retail Properties & Spaces Market Trends and Statistics

    Explore 4 retail properties & spaces for sale in Peoria Heights, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 10,855 square feet of properties for sale, with an estimated market value of $1,825,000.

    Sale prices for stores in Peoria Heights, IL start at $775,000, averaging $912,500, and reaching up to $1,050,000 — 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

    Shopping centers 1
    Storefront properties 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 $750K

    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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