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$ 1,600,000
Est. payment /mo
Active
5805 N Knoxville AVE Peoria, IL 61614
6,779 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 6,779 sqft
Price per Sqft $236
MLS Listing ID 12510880
Annual Tax Amount $16,528
Tax Year 2024
Lot Dimensions 155x185x182x167
Property Sub-Type Bus / Bus w/Real Est
Property Description
A rare opportunity to acquire a long-established, multi-revenue hospitality business located in one of Peoria's most desirable park settings. This turnkey operation offers full-service dining, a popular bar component, a thriving take-away market, and a highly sought-after outdoor dining experience. The building includes approximately 6,779 sq/ft of finished space and sits on roughly 29,620 sq/ft of property, providing excellent flow for customers, staff, and operations. The business features multiple income streams including dine-in service, bar sales, grab-and-go market offerings, and established catering and large group/corporate capabilities. A separate cafe/market entrance allows for breakfast service, coffee, baked goods, deli items, and prepared meals. The property offers parking for 100+ vehicles, making it ideal for high-volume traffic and special events. The entire facility has been completely remodeled and updated, creating a modern, efficient, and visually appealing environment. All fixtures, inventory, supplies, recipes, and furniture remain, allowing a new owner to step into a fully operational, well-equipped business on day one. A pre-negotiated long-term lease is already in place at a fantastic rate, with options secured through 2038, providing stability and predictable overhead for many years to come. Located within a well-traveled Peoria park, the business benefits from consistent foot traffic from families, walkers, outdoor enthusiasts, and visitors attending community activities. The setting offers a unique customer experience not found in traditional commercial corridors. Ideal for an owner-operator or hospitality entrepreneur seeking diversified revenue and strong community recognition.
Location
State IL
County Peoria
Area Peoria
Zoning OTHER
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Bus / Bus w/Real Est
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Listed by Brandon Shaffer of BHHS Central Illinois, REALTORS