5805 N Knoxville Avenue,Peoria, IL 61614
Peoria, IL 61614
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.
Details
| MLS # | 12510880 |
|---|---|
| Listing Type | For Sale |
| Style | Bus / Bus W/real Est |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 295 |
| Listing Provided By | BHHS Central Illinois, REALTORS | Brandon Shaffer |
Features
| SQ Feet | 6,779 |
|---|---|
| Story(s) | 2 |
| Zoning | OTHER |
| Acreage | 0.66 |
Interior
| Cooling | Central Air |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 16528 |
Area Information
| State | IL |
|---|---|
| County | Peoria |
| City | Peoria |
| Zip Code | 61614 |
| Area | Peoria |
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Learn More About This Property
| State | IL |
|---|---|
| County | Peoria |
| City | Peoria |
| Zip Code | 61614 |
| Area | Peoria |