5805 N Knoxville Avenue
Peoria, IL, 61614 $ 1,600,000
Bedrooms-- Baths-- Sq 6,779 Monthly Estimate*
$ 9,982
for $1,600,000. This 6,779 square foot building was built on a lot size of 0.679982.
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.
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FeaturesGeneralCooling Central Air
Possession Closing
Zoning OTHER
Tenant Pays Insurance
Stories Count 2
Tax Year 2024
Business Type Food & Beverage
County Peoria
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Status Active
Directions Knoxville Ave to the park entrance.
City Peoria
MLS Area Peoria
Lot Size Square Feet 29620
Tax Annual Amount 16528
Additional Parcels Y/N N
Virtual Tour https://my.matterport.com/show/?m=ud9JyApHEns&brand=0
Lease Type Gross
Standard Status Active
Ownership Type Individual
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ExteriorBuilding Area Total 6779
Lot Dimensions 155x185x182x167
Waterfront Y/N N
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* Excluded FeaturesList ByBhhs Central Illinois, RealtorsBroker
brandon@soldbyshaffer.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,982
- Monthly Property Taxes
- $1,377
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Peoria, IL
Average List Price $800,004
Percent of Sale Price 50%
About Peoria, IL 113,394 Population
0% Since 2002
$ 47,221 Median Income
36.01 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/1/2025 | $1,600,000 | | Listed Price |