900 Riverside DrEast Peoria, IL 61611

Property Details for 900 Riverside Dr

Year built

2005

Lot size

1.18 AC

Property size (Sq ft)

6,932 SF

Property type

Turn key restaurants

APN

01-01-29-203-004

APU

10129203004

Description

This exceptional 6,932 sq ft Class A restaurant space in East Peoria, IL, presents a unique investment opportunity. Located in a high-traffic shopping center off I-74, near Bass Pro Shops and Walmart, this single-tenant property boasts 95 parking spaces and 200 feet of frontage. Built in 2005, the building features a fully equipped kitchen including fryers, grills, a walk-in cooler and freezer, POS systems, and more. Currently configured for 82 diners, seating could easily expand to 120. All furniture, fixtures, and equipment (FF&E) are included, and the existing restaurant business, complete with a liquor license, is available for sale. The property sits on a 1.18-acre lot and is zoned B-3:C-1, offering flexibility for various uses. This turnkey operation is ideal for an established restaurant or a new concept looking for immediate success in a thriving location. The property is also available for lease. The APN is 01-01-29-203-004, and the address is 900 Riverside Drive, East Peoria, IL 61611.

• CAP approach

  CAP return

  Valuation

  6%

  $1,839,933

  6.5%

  $1,698,399

  7%

  $1,577,085

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,773,472

  Geo Method

  $1,909,689

• Alternative Use

  Use

  Valuation

  Residential

  $1,432,663

  Hospitality

  $1,312,312

  Educational

  $1,091,828

  Medical

  $1,129,378

  Retail

  $1,698,399

Location Insight

City

East Peoria

County

Tazewell

State

Illinois

Latitude

40.6832

Longitude

-89.5825

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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