For Sale
$1,250,000

900 Riverside Dr East Peoria, IL 61611

Turnkey Restaurant, High Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
127
Exceptional opportunity to acquire a thriving restaurant in East Peoria, Illinois. This Class A, 6,932 square foot freestanding building, constructed in 2005, is situated in a bustling shopping center just off I-74, boasting high visibility and accessibility. Anchored by Bass Pro Shops and Walmart, the center also includes Chili's, Texas Road House, Lowe's, Target, Costco, and a Holiday Inn, ensuring consistent high foot traffic. The property sits on a 1.18-acre lot with 200 feet of frontage and ample parking (95 spaces). Currently operating as a Mexican restaurant with a liquor license (available for sale separately), the business includes all furniture, fixtures, and equipment (FF&E). The spacious interior currently seats 82, with potential for expansion to 120. The fully equipped kitchen features fryers, grills, a flat top, stove, walk-in cooler and freezer, beer cooler/storage, POS systems, and extensive prep areas. The property is zoned B-3/C-1 and offers a single tenancy. This turnkey operation presents a unique investment opportunity for owner-users, with the potential for continued success in a prime location. The asking price is $1,250,000, with a price per square foot of $180. The property is 100% occupied.

Highlights

  • $1,250,000 asking price for a turnkey restaurant business in East Peoria, IL.
  • 6,932 square foot, Class A restaurant building on a 1.18-acre lot with 95 parking spaces.
  • Located in a high-traffic shopping center near I-74, anchored by Bass Pro Shops and Walmart, with nearby national retailers.
  • Includes all furniture, fixtures, and equipment (FF&E); existing restaurant business and liquor license available for sale.
  • Currently 100% occupied with seating for 82, expandable to 120; lease option available.

Property Details for 900 Riverside Dr

Property type
Retail properties, Restaurants
Square Feet
6,932 SF
Class
A
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
51,401 SF
Units
1

Location Insight

City
East Peoria
County
Tazewell
State
Illinois
Latitude
40.6831426
Longitude
-89.5824912
900 Riverside Dr, East Peoria, Illinois

FAQs

What type of property is this?
Retail property - Turnkey Restaurant, High Traffic Location
Where is the retail property located?
The property is located at 900 Riverside Dr East Peoria, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: $1,250,000 asking price for a turnkey restaurant business in East Peoria, IL.; 6,932 square foot, Class A restaurant building on a 1.18-acre lot with 95 parking spaces.; Located in a high-traffic shopping center near I-74, anchored by Bass Pro Shops and Walmart, with nearby national retailers.
How can I contact the broker?
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900 Riverside Dr
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