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5805 N Knoxville Avenue, Peoria, IL 61614

$1,600,000
  • 5805 N Knoxville Avenue, Peoria, IL 61614 Main Photo

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Active
SQUARE FEET6,779 MLS#12510880
STATUSActive PROPERTY TYPECommercial - Investment

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.

5805 N Knoxville Avenue | MLS# 12510880

This commercial property located at 5805 N Knoxville Avenue, Peoria, IL 61614 is currently listed for sale with an asking price of $1,600,000. Search Peoria real estate on syarber.gogambino.com today.

Property Features

Property Type: Commercial - Investment
Cooling: Central Air
Lot Size: 0.68 Acres
Stories: 2.0
Taxes: $16,528

Feature Descriptions

Drains: Accessible Entrance, Patio, Security System, Tenant Signage
HVAC: Central Bldg Heat
Location: Park Adjacent, In City Limits
Lot Dimensions: 155x185x182x167
Miscellaneous Indoor: Accessible Entrance, Accessible Washroom/s, Overhead Door/s, Private Restroom/s, Public Restroom/s
Miscellaneous Outdoor: Accessible Entrance, Patio, Security System, Tenant Signage
Parcel#: 1416376004
Parking: Over 100 Spaces
Tenant Pays: Insurance

Listed By / Shown By

Listed By

Agency Name: BHHS Central Illinois, REALTORS

Shown By

Agent Name: Stefanie Yarber
Agent Phone: Cell: (815) 995-0836
Agency Title: Gambino Realtors

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